FOREX-Dollar gains as markets await U.S. inflation data ...Middle East

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FOREX-Dollar gains as markets await U.S. inflation data
source : Devdiscourse ( Middle East ) () 63
The dollar edged higher against the euro and other major currencies on Monday as investors await data on U.S. inflation and retail sales this week for clues on when the Federal Reserve may begin widely anticipated interest rate cuts. The dollar index, a measure of the U.S. currency against six others, rose 0.25% to 104.23 as the market expects the consumer price index (CPI) for January - due to be released on Tuesday - to give the Fed further confidence that inflation is slowing towards its 2% target.

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