Dollar Rally Stalls as Traders Await U.S. Inflation Data

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-01-15 13:06:47

The dollar steadied in the Asian session after dropping overnight, following a two-year high earlier in the week. This pullback was influenced by a softer U.S. producer prices report, which eased Treasury yields from their peaks. The euro remained above its recent two-year low, while the pound fell 0.09% to $1.2205, pressured by higher borrowing costs and concerns over the UK’s fiscal health. Investors are also monitoring UK inflation data due Wednesday, with economic weakness and rising domestic price pressures casting doubt on Chancellor Rachel Reeves. CORE consumer prices in the U.S. are expected to rise by 0.2% in December, diminishing hopes for Federal Reserve interest rate cuts this year.

By:

Log in to Reply

Nvidia’s Influence on Stocks May Be Fading

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.