Reported about 13 hours ago
The US dollar has slightly decreased against the euro and yen after reaching multi-week highs, as investors await producer price data that may signal increased tariff-driven inflation. Recent data indicated significant price hikes in imported goods, impacting U.S. rates and leading to expectations of Federal Reserve rate cuts amid rising inflation pressures. While the dollar has pulled back, Trump’s ongoing criticism of the Fed and upcoming negotiations on trade tariffs continue to influence market sentiment.
Source: YAHOO