Bonds rally, dollar firms as traders ponder U.S. rates

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00:00Government bonds surged as Eurozone inflation data supported faster European central bank

00:06rate cuts, while the dollar strengthened after Fed Chair Powell's comments reduced hopes

00:12for another large rate cut.

00:14Lower-than-expected Eurozone inflation data supported the bond rally, reinforcing traders'

00:20expectations for faster rate cuts by the ECB.

00:23Meanwhile, the US dollar rose 0.2 percent against a basket of currencies, as traders

00:29anticipated the Fed would likely cut rates by 25 basis points instead of 50 in November.

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