Investing.com UK on Nostr: Dollar edges higher on Trump expectations; euro slips ahead of inflation data ...
Dollar edges higher on Trump expectations; euro slips ahead of inflation data
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The U.S. dollar edged higher in early European trade Tuesday, recovering after recent losses, while the euro dipped ahead of key inflation data. The Dollar Index traded 0.1% higher at 105.700. The dollar has climbed as the prospects of a second Donald Trump presidency have risen over the last few days. There are more clues about future Fed monetary policy decisions due this week. Euro fell 0.2% to 1.0716, ahead of the release of June inflation data for the eurozone. The headline figure is expected to grow 2.5% on an annual basis. Christine Lagarde will deliver remarks today at the central bank’s annual meeting in Portugal. Yen traded 0.2% higher to 161.69, with the pair hitting a near 38-year high. Pound fell 0.2% to 1.2627, with the U.K. general election taking place on Thursday.
#Dollar #Euro #Trump #Inflation
https://uk.investing.com/news/forex-news/dollar-edges-higher-on-trump-expectations-euro-slips-ahead-of-inflation-data-3572939
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The U.S. dollar edged higher in early European trade Tuesday, recovering after recent losses, while the euro dipped ahead of key inflation data. The Dollar Index traded 0.1% higher at 105.700. The dollar has climbed as the prospects of a second Donald Trump presidency have risen over the last few days. There are more clues about future Fed monetary policy decisions due this week. Euro fell 0.2% to 1.0716, ahead of the release of June inflation data for the eurozone. The headline figure is expected to grow 2.5% on an annual basis. Christine Lagarde will deliver remarks today at the central bank’s annual meeting in Portugal. Yen traded 0.2% higher to 161.69, with the pair hitting a near 38-year high. Pound fell 0.2% to 1.2627, with the U.K. general election taking place on Thursday.
#Dollar #Euro #Trump #Inflation
https://uk.investing.com/news/forex-news/dollar-edges-higher-on-trump-expectations-euro-slips-ahead-of-inflation-data-3572939