Forex Today: Soft UK inflation weighs on Pound Sterling, US Dollar awaits housing data

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Forex Today: Soft UK inflation weighs on Pound Sterling, US Dollar awaits housing data
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Forex Today: Soft UK inflation weighs on Pound Sterling, US Dollar awaits housing data – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies

was last seen trading at its highest level since late May above 0.8650 andOn Tuesday, the US Dollar Index managed to edge higher in the early American session despite mixed macroeconomic data releases but lost its bullish momentum. The risk-positive atmosphere made it difficult for the US Dollar to gather further strength and the DXY posted small gains. Early Wednesday, the DXY stays in positive territory above 100.00.stays on the back foot and edges lower toward 1.

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