Dollar Gains Ahead of Key U.S. Inflation Report,
The dollar strengthened on Monday amid subdued risk appetite ahead of a pivotal U.S. inflation report later in the week, offering insights into the Federal Reserve‘s monetary policy.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9242813102262574(adsbygoogle = window.adsbygoogle || []).push({});The yen struggled near 145 per dollar, and the Australian and New Zealand dollars faced cautious declines. Trading in #Asia was thin due to Japan‘s holiday.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9242813102262574 (adsbygoogle = window.adsbygoogle || []).push({});The dollar against the yen fell 0.22% to 144.29, trimming last week’s 2.6% gain, while the kiwi dipped 0.05% to $0.6239. The dollar index steadied at 102.43.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9242813102262574 (adsbygoogle = window.adsbygoogle || []).push({});The greenback’s rally was supported by a rebound in U.S. Treasury yields, influencing Fed rate cut expectations. A U.S. inflation reading on Thursday could reshape views following mixed economic signals.
https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9242813102262574(adsbygoogle = window.adsbygoogle || []).push({});Market pricing indicates a 64% chance of Fed rate easing by March, down from nearly 90% a week ago. Other currencies, including sterling, the euro, and the Aussie, experienced varied movements, reflecting market uncertainties.
0 Reactions