Dollar holds steady before US inflation data
Dollar prices remain stable at the start of today’s trading, as markets await the release of US inflation data that will influence the direction of interest rates. Despite regional tensions in the Middle East, major currencies were unaffected, with the euro, British pound, Australian dollar, and New Zealand dollar remaining steady, while the Japanese yen stayed near its lowest levels. Investors are focusing on Federal Reserve indicators, especially after a weak jobs report and statements from Fed officials, with expectations of inflation declining throughout the rest of the year, provided oil prices are controlled and the Hormuz Strait is reopened.
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