10/9/2024, 11:31:03 am

Currencies on Edge as US Inflation Data Looms

Dollar remained steady in early trade on Tuesday, with yen retreating from one-month highs as investors await U.S. inflation data and rethink expectations for a big interest rate cut from Fed beginning next week. A mixed labour report released on Friday failed to make a clear argument for whether the Fed will decrease interest rates by 25 bps or 50 bps at its decision meeting on September 17-18.