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The Asian session was quiet on Wednesday, as the market is waiting for the decision of the Federal Reserve’s Federal Open Market Committee.
The UK Consumer Prices Index (CPI) 12-month rate came in at 5.1% in November compared to +4.2% registered in October while beating expectations of a +4.7% print. The UK Office for National Statistics (ONS) reported on Wednesday.
Meanwhile, the core inflation gauge (excluding volatile food and energy items) rose by 4.0% YoY last month versus +3.4% booked in October, outpacing the consensus forecast of +3.7%.
The price of gold settled in spot transactions at $ 1767.71 an ounce, and it had approached its lowest level in two weeks, recording $ 1766 earlier today, after falling by 1% in the previous session.
Nikkei settled at 28,459.72 points, while the broader Topix index closed 0.52% higher.
The dollar’s movement was limited as investors awaited the outcome of the meeting. And settled in the Asian session, before falling 0.1 percent with the opening of European markets, recording 96,445.
Against the Japanese yen, the US currency rose 0.1 percent to 113.7.
The euro rose 0.1 percent to $1.127 before the European Central Bank meeting on Thursday, as officials are expected to confirm that the bond-buying program launched by the bank to combat the impact of the Coronavirus will end next March.
