Global Market Tremors: Central Banks Drive Currency Volatility
Global financial markets experienced a brief dip as the European Central Bank and Swiss National Bank announced monetary policy changes. U.S. inflation data supported expectations of a Federal Reserve rate cut. Stock indices and currencies fluctuated, influenced by economic indicators and geopolitical events.

Global financial markets faced slight disruptions on Thursday as investors processed key central bank decisions. The European Central Bank's meeting kept the euro steady, while the Swiss franc weakened following a significant rate cut by the Swiss National Bank. Meanwhile, U.S. inflation data bolstered sentiment for an upcoming Federal Reserve rate cut.
The U.S. dollar experienced slight depreciation against other major currencies as traders adjusted their positions ahead of crucial inflation readings. Despite challenges, U.S. stock indices showed resilience, with the Nasdaq reaching record highs, driven by positive consumer price index data meeting expectations.
Central banks' decisions continued to be in focus, with the Bank of Japan showing a cautious approach, impacting the yen. Meanwhile, the Australian dollar surged on strong employment data, and gold prices rose amid expectations of further rate cuts and geopolitical uncertainties.
(With inputs from agencies.)