Dollar dips ahead of inflation data due Wednesday

Dollar Slips Ahead of US Inflation Data

SINGAPORE/LONDON—The dollar dipped on Wednesday with investors expecting U.S. inflation data out later in the day to hold some clues on how soon U.S. interest rates will peak. Against a basket of currencies, the U.S. dollar index fell 0.1 percent to 102.02. The U.S. inflation data for March is forecast to come in at 5.2 percent year-on-year, down from 6.0 percent previously, while core inflation likely ticked higher to 5.6 percent, according to …

Dollar dips ahead of key U.S. inflation data

The U.S. dollar slipped Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Fed interest rate hikes.

Dollar dips ahead of key US inflation data

Against the yen, the dollar slipped 0.06% to 133.62, though was perched near Monday's one-month high of 133.87 yen, a reflection of the stark contrast between the Fed's aggressive monetary policy tightening cycle and the Bank of Japan's (BOJ) ultra-loose policy.

Dollar dips ahead of key US inflation data

By Rae Wee SINGAPORE (Reuters) - The U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes. Following last week's solid U.S. jobs data, all eyes are now on the inflation report, with currency moves subdued ahead of the release. Sterling rose 0.04% to $1.2432 while the euro was last 0.1% higher at $1.0924, with both currencies s…

FOREX-Dollar dips ahead of key US inflation data

FOREX-Dollar dips ahead of key US inflation data The U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes.Following last week's solid U.S. jobs data, all eyes are now on the inflation report, with currency moves subdued ahead of the release. Sterling rose 0.04% to $1.2432 while the euro was last 0.1% higher at $1.0924, with both …

Dollar Dips Ahead of Inflation Data Due Wednesday