Published 2 years ago

Dollar eyes longest losing streak in a year, stocks up ahead of U.S. inflation data

Summary by Ground News

The US dollar index has retreated sharply in the past few days as investors focus on the upcoming US inflation and retail sales data. Economists believe that inflation in the US dropped for the second straight month in August. With inflation showing signs of falling, there is a likelihood that the bank will slow its rate hikes in the coming months.

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Times of India

Dollar steadies as eyes turn to U.S. inflation data

U.S. inflation data is due at 1230 GMT and the consensus is for the core inflation rate last month to have risen 0.3% month-on-month, the same as in July. Recent dollar gains have slowed on market expectations that peaking inflation will mean less aggressive interest rate hikes from the Federal Reserve.

2 years ago·India

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Reuters

Dollar eyes longest losing streak in a year, stocks up ahead of U.S. inflation data

The dollar was heading for its longest losing streak in a year and world stocks were higher for a fifth straight day on Tuesday, ahead of U.S. inflation data expected to show the furious surge in prices may finally be cresting.

2 years ago·United Kingdom

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Channel News Asia

Stocks creep higher as focus turns to US inflation data

SINGAPORE : Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S. inflation data that will offer a crucial guide to the interest rate outlook.Wall Street indexes posted a fourth straight session of ga

2 years ago·Singapore

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IBTimes

Stocks Creep Higher As Focus Turns To U.S. Inflation Data

Asian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S.

2 years ago·United States

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Financial Post

Base metals rise as dollar weakens ahead of U.S. inflation data

Base metals prices rose on Tuesday, supported by a weaker dollar ahead of U.S. inflation data, making greenback-priced metals cheaper to holders of other currencies. Read More

2 years ago·Canada

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OAN

Dollar eases ahead of key U.S. inflation data

By Samuel IndykLONDON (Reuters) – The dollar eased further on Tuesday ahead of U.S. inflation data that could show some signs of softening, while the euro found its footing above parity on hawkish comments from policymakers that rates would need to increase further.The dollar index, which measures the greenback against a basket of six currencies including the euro, eased 0.2% to 108.06, after falling 0.7% on Monday, the largest daily decline…

2 years ago·San Diego, United States

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