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US Dollar Slightly Lower, Investors Await US CPI Data Release
Summary: According to sources, the US dollar edged lower but remained within a narrow trading range as investors await the release of US Consumer Price Index inflation data on Tuesday. Last week, the dollar fell due to weak employment data and the temporary appointment of Milan as a Federal Reserve Board member, increasing the possibility of ...
According to sources, the US dollar edged lower but remained within a narrow trading range as investors await the release of US Consumer Price Index inflation data on Tuesday. Last week, the dollar fell due to weak employment data and the temporary appointment of Milan as a Federal Reserve Board member, increasing the possibility of a rate cut. Tuesday's data may show the early impact of US trade tariffs on inflation. Chris Weston of Pepperstone stated that the market is focused on the extent to which core goods inflation is affected by tariffs.
