Investor sentiment was dampened partly by disappointing economic data from Europe, which contributed to a fall in European stock markets and a rise in U.S. Treasury yields. These market movements come ahead of a series of speeches by Federal Reserve officials, including comments from Fed official Raphael Bostic.
The anticipation surrounding the Federal Open Market Committee (FOMC) meeting scheduled for January 31 is also high, as the outcome could signal further interest rate adjustments, influencing global exchange rates.
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