Posted 12/11/2023, 4:36:47 PM
Dollar Holds Steady Before Fed Meeting and US Inflation Data; Jobs Report Tempers Rate Cut Hopes
- Dollar steady ahead of US inflation data and Fed meeting this week
- Strong US jobs report on Friday challenges expectations of imminent Fed rate cuts
- Focus on whether Fed Chair Powell sounds hawkish or dovish in signals about future policy
- China data shows weak demand and deflationary pressures, indicating more policy support needed
- Mixed recent China data keeps alive calls for further policy measures to boost growth