• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

12 December 2024 10:14  |

US Dollar Continues Strengthening After US Inflation Data

The dollar index held steady around 106.5 on Thursday after rising for four straight sessions even as the latest US consumer inflation data reinforced bets for a Federal Reserve interest rate cut next week.

The CPI report showed that both headline and core inflation rates matched expectations in November, paving the way for the Fed to continue cutting rates.

The market is now pricing in a near 100% chance that the Fed will cut by another 25 basis points next week.

Investors are also looking ahead to producer inflation data due on Thursday for further direction.

Meanwhile, the US dollar gained support from recent weakness in the euro and yuan amid the prospect of dovish monetary policy in the Eurozone and China. However, the greenback weakened against the Aussie following strong Australian jobs data.

Source: Trading Economics

Related News

US DOLLAR

Dollar advances near 7-month peak after US inflation data

The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for O...

13 November 2024 23:41
US DOLLAR

Dollar Awaits US Vote Result, Euro Volatility Jumps

The dollar gauge is slightly weaker ahead of US vote results as polls show a deadlocked presidential race. Euro volatility ...

5 November 2024 21:23
US DOLLAR

Dollar Bulls in Control; Euro, Pound Extend Lows

The dollar extended its rally versus major peers as rising Treasury yields and confirmation of a Republican election clean ...

14 November 2024 17:15
US DOLLAR

Dollar Consolidates Before US Payrolls Data

A gauge of the dollar held largely steady as traders stayed on the sidelines ahead of US payrolls data later on Friday and el...

1 November 2024 10:06
BIAS23.com NM23 Ai