Posted 11/13/2023, 1:44:00 AM
Dollar Holds Steady Ahead of US Inflation Data While Yen Nears 1-Year Low
- Dollar steady ahead of upcoming US inflation data, while yen remains near 1-year low against dollar
- Traders awaiting Consumer Price Index (CPI) numbers on Tuesday for clues on whether Fed will continue raising rates
- Fed speakers expected to echo Chair Powell in leaving door open for further hikes to tame inflation
- Japanese yen under pressure from rising US Treasury yields and dollar strength
- Sterling firm ahead of UK earnings and inflation data after GDP showed no growth