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US dollar steady as sticky inflation dents rate cut expectations

From channelnewsasia.com

The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained rooted near the psychologically key 150 per dollar level. The yen has hovered around 150 level in the last few days, prompting officials to comment on the currency moves and keeping markets on alert to a possible intervention by Japanese authorities. In early trade on Monday, the yen strengthened 0.20 per cent to 149.94 per dollar but remains down 6 per cent for the year, while against the euro yen hovered around three-month lows of ... (full story)

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  • Category: Fundamental Analysis