The US dollar edges lower as investors await the release of US CPI data
According to Jinse Finance, the US dollar edged lower but remained within a narrow trading range as investors awaited the release of the US Consumer Price Index inflation data on Tuesday. The dollar declined last week, mainly due to weak employment data and the temporary appointment of Milan as a Federal Reserve governor, which increased the likelihood of a rate cut. Tuesday’s data may reveal the early impact of US trade tariffs on inflation. Chris Weston of Pepperstone noted that the market is focused on the extent to which core goods inflation is affected by tariffs.
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