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Dollar pauses after losses as investors seek fresh clues on U.S. economy

From reuters.com

The dollar steadied against most currencies on Monday as traders awaited more data on the U.S. economy after a disappointing jobs report last week slammed the breaks on a rally in the greenback. The release of U.S. consumer prices and consumer sentiment later this week will help determine whether a recent rise in inflation expectations and Treasury yields was justified. Any disappointing numbers from either report could knock the dollar lower, some analysts said. Investors are also closely monitoring a U.S. debate on additional fiscal stimulus. President Joe Biden and his Democrats are pushing ahead with $1.9 ... (full story)

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  • Category: Fundamental Analysis