Key Points
TOKYO (Reuters) The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates...
The yen firmed slightly after figures showed consumer inflation stayed at the Bank of Japans 2% target, rather than dipping below it for the first time in nearly two years, as economists had forecast...
The U.S. dollar index, which measures the currency against a basket of peers including the yen and euro, traded flat at 103.78 early in Asian time, following a 0.17% slide on Monday.. Markets have all but ruled out a cut at the Feds March meeting and have recently pushed back expectations for a cut to June from May, CMEs FedWatch Tool showed, following strong U.S. consumer and producer price data...
A still softish DXY (dollar index) doesnt quite convey the USDs story right here and, if anything, key upcoming event risk can potentially fuel another leg up, Westpacs head of FX strategy, Richard Franulovich, wrote in a note...
The dollar slipped 0.1% to 150.54 yen as a slightly hotter-than-expected reading for Japans January consumer price index (CPI) kept the BOJ on track to exit negative interest rate policy as soon as next month...
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