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By Sam Byford<br> Aug 10 (Reuters) – Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S.
report on inflation to provide hints to the Federal Reserve’s plans for future monetary tightening.<br> The Consumer Price Index (CPI) report will be released later today, with markets watching for 코인거래소 signs that inflation eased in July despite last week’s unexpectedly strong U.S.
jobs number<br>p> MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.51%, while Japan’s Nikkei extended losses from the previous day and 코인거래소 was down 0.<br> South Korea’s KOSPI lost 0.64%, Australia’s AXJO dropped 0.12%, and Taiwan’s TAIEX fell 0.<br> “I don´t think that we are through the bear market woods yet – recession risks loom and I don´t think the Fed is done with its aggressive belt tightening,” said David Chao, 코인거래소 a global market strategist for 코인거래소 Asia Pacific ex-Japan at <br>sco. “I don´t think markets have fully discounted these variables. This week´s inflation data will certainly give us more clarity of the Fed´s near-term policy o<br>ok.” The slips in Asian markets tracked Wall Street, which closed on Tuesday with all three major indic<br>own. The S&P 500 fell 0.42%, the Dow Jones Industrial Average dropped 0.18%, and the Nasdaq Composite los<br>19%. The dollar reversed losses overnight and was trading flat in Asia.
The dollar index, which measures the safe-haven greenback against six major peers, was down 0.009% at $<br>330. “A strong CPI print this week could mean the Fed is back to its aggressive rate hiking path, which would re-strengthen the USD,” sa<br>hao. Oil prices fell slightly after an overnight surge petered out.
Brent crude futures were down 15 cents to $96.16 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 22 cents to<br>.28. Gold also pared gains and was down 0.09% at $1,792.54 an ounce. It briefly broke through the $1,800 barrier overnight for the first time in more than <br>nth. Cryptocurrency Bitcoin, which often tracks tech stocks, was down 1.08% at $22<br>.48. (Reporting by Sam Byford; Editing by Lincoln<br>st.)