The dollar fell while the yen stabilized in trading on Tuesday in Asia at a time when traders awaited inflation data in the United States and an expected series of central bank meetings. Dollar index contracts fell 0.5 percent to 145.46 yen. The two currencies have been witnessing fluctuations for …
Read More »Dollar rises ahead of US inflation data and the central bank meeting
The dollar opened higher on Monday, with US inflation data and the Federal Reserve’s final monetary policy meeting of the year likely to determine the dollar’s movement during the week, while increasing deflationary pressures in China weighed on the yuan. The US dollar rose again above 145 yen to 145.62 …
Read More »US dollar gains on surging T-yields, strong NFP data
The US Dollar Index has soared to the 104.05 mark, driven by positive labor market cues and a surge in yields, suggesting that markets are delaying rate cuts in 2024. The gains were fueled by economic reports from November, including Average Hourly Earnings, Unemployment Rate, and Nonfarm Payrolls, which collectively …
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