Dollar drifts as traders eye US inflation data; frail yen in focus
==========

The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers. Traders are back on tenterhooks as the yen nears levels that saw suspected interventions by Tokyo. The dollar index, which measures the U.S. currency against six rivals, was last at 105.25. Nearly two-thirds of economists expect the Fed to cut its key rates twice this year, starting in September, a Reuters poll showed.

#CurrencyMarket #UsInflation #FederalReserve #Yen

https://m.economictimes.com/markets/forex/dollar-drifts-as-traders-eye-us-inflation-data-frail-yen-in-focus/articleshow/110099706.cms