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Dollar steady before US inflation data, yen under pressure

The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are closely watching upcoming economic indicators and geopolitical developments.

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Economic TimesLean R·2h ago
Dollar steady before US inflation data, yen under pressure
The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are closely watching upcoming economic indicators and geopolitical developments.
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Dollar steady before US inflation data, yen under pressure

How 1 sources are covering this