Dollar steady, US inflation data tops this week's bill
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The dollar was steady on Monday as a holiday in most major Asian markets subdued the start of what could turn into a busy week, with all eyes on U.S. inflation data for clues on when the Federal Reserve may start to cut rates. Strong jobs data earlier this month has largely taken a March Federal Reserve rate cut off the table, with markets currently seeing a move in May as more likely than not. Analysts expect U.S. core CPI to come in at 0.3% month on month in January, but a still elevated 3.8% year on year. On Wednesday, a reading of British CPI inflation will similarly influence opinion on when the Bank of England will start to cut interest rates - it is currently seen lagging the Fed and European Central Bank.

#Dollar #UsInflation #FederalReserve #InterestRates

https://www.investing.com/news/economy/dollar-steady-us-inflation-data-tops-this-weeks-bill-3300320