The U.S. dollar held steady, though volatility is expected due to upcoming inflation data that will provide insights into the Fed's policy direction.
With inflation projected to rise to 2.7%, any stronger-than-expected results could delay the Fed's interest rate cuts, extending the dollar's recent rally.
Softer inflation figures could bolster expectations for a 25 basis point rate cut, putting downward pressure on the dollar.
Traders are closely watching central banks, as potential rate cuts from the ECB and BoC may weaken their currencies against the dollar.
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