Dollar firm ahead of US inflation data; yen hovers near one-year low
Mon, Nov 20, 2023 5:06 PM

Dollar firm ahead of US inflation data; yen hovers near one-year low

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The dollar was steady on Monday as traders awaited U.S. inflation and retail sales data which could offer clues to the Fed's stance on interest rates. The Japanese yen was near a 1-yr low vs. the dollar ahead of possible Tokyo intervention. A hot number from one of the economic releases this week could push USD/JPY above 151, while sterling stayed firm at $1.2228.

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