The dollar held its ground on Wednesday, in spite of downward pressure from lower bond yields and higher stocks, as traders waited on this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat.
The Australian dollar nudged about 0.3% higher to $0.6912 after data showed the annual pace of inflation increased to 7.3% in November, leaving room for more rate hikes. The New Zealand dollar also crept up 0.2% to $0.6380.
But for the past month or so the common currency has struggled to make headway, and traders have been cautious in selling dollars while the U.S. Federal Reserve continues to promise hikes and the global economic outlook is bleak. The dollar was steady at 132.23 Japanese yen and $1.2161 per British pound . U.S. government bond yields, which have been attracting investors to the dollar, fell overnight and upbeat sentiment in equities lifted stockmarkets.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
USD/CAD traders await key US CPI, testing 1.3400 with bulls in playUSD/CAD is flat in Asia, testing 1.3400 having travelled between a tight range of 1.3381 and 1.3406 so far. The US Dollar is making a slight recovery
Les mer »
BTC price 3-week highs greet US CPI — 5 things to know in Bitcoin this weekBitcoin meets the first CPI print of 2023 with a BTC price charge above $17,000.
Les mer »
CPI Numbers Coming on Thursday, What to Expect?History suggests that bitcoin could be heading for a volatile week.
Les mer »
5 cryptocurrencies that could benefit from a positive CPI reportBitcoin and a handful of altcoins could move higher if this week’s consumer price index report shows a notable decrease in inflation.
Les mer »
Morning Bid: Knocking on CPI's doorA look at the day ahead in Asian markets from Stephen Culp.
Les mer »
Treasury yields firmer amid hawkish Fed chatter and looming CPI dataGovernment bond yields were firmer in early Tuesday trade as more hawkish commentary from Federal Reserve officials continued to permeate the market.
Les mer »