Dollar Steady Ahead of US CPI Data Release
Tuesday, 12 March 2024, 11:40
ForexLive European FX News Wrap:
The US dollar remained stable ahead of the highly anticipated US CPI data release. Meanwhile, the BOJ's contemplation of a potential rate hike in March adds uncertainty to the market's outlook.
Headlines:
- USD/JPY consolidates as market awaits US CPI data.
- BOJ hints at possible March rate hike, but the decision remains uncertain.
- BOJ governor Ueda outlines policy shift conditions related to inflation targets.
- UK's January ILO unemployment rate slightly above expectations.
Market movements show a mix of optimism, with CHF leading and JPY underperforming. Equities and S&P 500 futures show slight gains, while gold faces profit-taking ahead of key data releases.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.