Reported 6 months ago
The dollar remained steady as traders awaited global inflation data, with focus on U.S., European, and Japanese indicators influencing interest rate expectations. Foreign exchange markets have been driven by the search for 'carry,' impacting low-yield currencies and supporting the dollar. The euro maintained a narrow range at $1.0845 despite German business confidence weakening, while U.S. inflation data could sway the dollar's direction. The dollar index is on track for a 1.5% decline in May, with rates speculation affecting market sentiments.
Source: YAHOO