Global markets open focused on today’s US CPI as softer inflation would cement Fed dovishness, pressure the dollar, and contrast with hawkish signals from Japan and Australia.

Indian share markets are trading lower with the Sensex trading 682 points lower, and the Nifty is trading 214 points lower.

The tech selloff appears to be offering the dollar some support, suggesting that a degree of safe‑haven value has been restored.

The euro continues its struggles against the yen as the pair hits lower lows.