A sense of tension and anticipation gripped financial markets on Wednesday as investors digested new inflation readings ahead of the US Federal Reserve’s monetary policy decision.

The mood across financial markets turned gloomy on Wednesday as disappointing data from China fuelled fears about slowing global economic growth.

The past few days have been rough for the dollar. It has weakened against every single G10 currency this week as investors cut bets on how aggressive the Federal Reserve may be when raising interest rates in July.

Market chaos reigned throughout the first half of 2022. Bond yields, oil prices and the US dollar soared to levels not seen in over a decade, while the S&P