Dollar declines, investors await U.S. inflation data

14.09.2021 - Evdokimov Roman
Dollar declines, investors await U.S. inflation data

The dollar dropped on Tuesday morning in Asia. Investors now anticipate the latest United States inflation data for hints on the start of the Federal Reserve’s asset tapering.

The U.S. Dollar Index that measures the greenback against other major currencies declined 0.06% to 92.597 by 10:21 PM ET (2:21 AM GMT).

The USD/JPY pair gained 0.10% to 110.08.

The AUD/USD pair was down 0.05% to 0.7362, and the NZD/USD pair shed 0.10% to 0.7114.

The USD/CNY pair slid 0.02% to 6.4495, while the GBP/USD pair nudged 0.08% higher to 1.3847.

Investors keep a close eye on the consumer price index that will be released today.

Daiwa Securities senior strategist Yukio Ishizuki said inflation stays at a very abnormal level, with the core CPI still above 4%.

Meanwhile, investors expect the Fed’s official announcement of its asset taper commencing in November when it delivers its latest policy decision next week.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?