Reported about 11 hours ago
The US dollar's rally paused ahead of a significant consumer inflation report, while the Japanese yen gained strength due to comments from the Bank of Japan's governor about potential interest rate hikes. Investors are predicting a moderate increase in US core consumer prices, which might influence future Federal Reserve rate decisions. Amid concerns about new tariffs under the incoming Trump administration, market reactions to the inflation data are expected to be temporary.
Source: YAHOO