Currencies on Edge as US Inflation Data Looms
Tue, Sep 10, 2024 11:31 AM

Currencies on Edge as US Inflation Data Looms

A Flip by Shubhangi Gupta
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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.

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