The U.S. dollar edged higher in early European trade - GEPL Capital
News / Other data
* The dollar fell on Monday in choppy trading after last week's strong rally, weighed down by firmer stocks and lower long-dated Treasury yields, as investors consolidated positions ahead of Tuesday's crucial U.S. consumer price index (CPI) data
* The U.S. dollar edged higher in early European trade Monday, trading close to a five-week high ahead of the week’s keenly-awaited U.S. inflation data, which could provide more clarity about the Federal Reserve’s rate hike path.
* The Japanese yen sank against the dollar on Monday, while local stocks also tumbled as markets speculated over the next Bank of Japan Governor and the extension of the bank’s ultra-loose monetary policy.
* Most Asian currencies weakened on Monday, while the dollar came close to an over one-month high as markets turned cautious ahead of hotly anticipated U.S. inflation data this week, while regional economic readings also came into focus.
* The dollar gained on Friday as investors grew concerned about a U.S. inflation report next week that could show a number that is higher than markets forecast amid data showing expectations for a continued rise in prices over the next yea
* Japanese markets reacted with shock on Friday to news that the government had picked academic Kazuo Ueda to be the next central bank governor, but investors quickly snapped up the yen and sold bonds on expectations he will end years of super-easy monetary policy.
Data inference
* No Major Event.
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