Dollar drops, investors expect more hints on Fed rate hike schedule
The dollar declined on Monday morning in Asia. The latest inflation numbers mostly lifted the safe-haven currency during last week’s trading sessions. Investors’ prospects of an earlier-than-expected interest rate hike from the U.S. Federal Reserve have also been fuelled by strong inflation figures.
The U.S. Dollar Index that measures the greenback against other major currencies nudged 0.13% lower to 95.007 by 23:32 PM ET (4:32 AM GMT).
The USD/JPY pair jumped 0.01% to 113.86.
The AUD/USD pair climbed 0.16% to 0.7344, while the NZD/USD pair tallied an increase of 0.03% to 0.7049.
The USD/CNY pair soared 0.05% to 6.3819, while the GBP/USD pair gained 0.11% to 1.3428.
The latest U.S. retail sales data will be released tomorrow, with investors expecting more indications of the Fed’s earlier start of interest rate hike.
EN
ES
RU
DE