The dollar fell on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Federal Reserve interest rate hikes.
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Times of India
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.
The dollar fell on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Federal Reserve interest rate hikes.
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 pauses after strong gains on hawkish Fed bets; bitcoin hits $30,000
TOKYO : The U.S. dollar paused for breath on Tuesday following its best rally this month against major peers as a resilient U.S. labour market bolstered the case for a Federal Reserve rate hike next month.The yen, which is highly sensitive to long-term U.S. bond yields, managed to claw back some of Monday
Dollar eases after strong gains on hawkish Fed bets, bitcoin tops $30 000
The US dollar eased on Tuesday following its best rally this month against major peers as a resilient US labour market bolstered the case for a Federal Reserve rate hike next month.
LONDON -- The dollar gave back the previous day's advances against the euro and pound but held some gains against the yen on Tuesday as traders' attention turned to U.S. inflation data due on Wednesday for signs of how close U.S. rates are to peaking.