Asian shares rose to a six-month high on Wednesday while the dollar steadied, as investors waited for U.S. inflation data for cues on the Federal Reserve's interest rate policy.
"With some expectations that Powell would likely push back on easing financial conditions, equity markets celebrated the lack of any clear guidance on policy direction," Saxo strategists said.
Thursday's data will be crucial in determining what the Fed is likely to do with interest rates in its next meeting at the start of February.
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