Key Points
TOKYO (Reuters) The dollar held steady against peer currencies on Friday, as investors weighed higher-than-expected U.S. consumer price inflation against market bets that the Federal Reserve will cut rates as soon as March...
U.S. consumer prices increased in December as rents maintained their upward trend, edging 0.3% higher for the month and up an annual 3.4%, versus economists forecast in a Reuters poll for a 0.2% gain and 3.2% rise, respectively...
Still, traders are pricing in a 73.2% chance for the first 25 basis point cut to come in March, with several more cuts to follow, according to the CME Groups FedWatch Tool...
The dollar index was hovering around 102.26, down from Thursdays high of 102.76 but well ahead of the five-month low of 100.61 hit in December when traders began to aggressively price in a raft of Fed cuts for this year...
In cryptocurrencies, bitcoin was last up 0.25% at $46,270.00, having surged to a two-year high overnight after the U.S. Securities and Exchange Commission on Wednesday gave the green light to offer ETFs linked to bitcoin...
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