Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation Insights The dollar saw a slight increase as many Asian markets were closed for a holiday, setting the stage for a potentially eventful week focused on U.S. inflation data. This data is crucial because it could hint at when the Federal Reserve might begin reducing interest rates. The euro fell slightly, while the pound also dropped. In contrast, the Japanese yen gained a bit of strength. The financial world is closely watching changes in central banks’ interest rate plans, especially with recent strong job data suggesting the Fed might not cut rates until possibly May. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold ETFs, holdings and flows READ MORE What Is the Gold Spot Price and How Is It Set? READ MORE People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold READ MORE Inflation-wary US rate options market cautiously prices for 2024 Fed hike READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment