U.S. Dollar Falls As Inflation Data In Focus
The U.S. dollar was lower against its most major counterparts during the European session on Tuesday, as investors awaited U.S. inflation data for more clarity on the rate outlook.
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The U.S. dollar was lower against its most major counterparts during the European session on Tuesday, as investors awaited U.S. inflation data for more clarity on the rate outlook.
The Japanese yen extended its early slide against other major currencies in the Asian session on Monday, as most Asian stocks traded higher in thin holiday trade, with Australian, New Zealand and Hong Kong markets closed for Easter holiday.
The U.S. dollar regained strength during the European session on Monday, as Friday's jobs data boosted chances of a 25 basis-point rate hike by the Federal Reserve in May.
The Japanese yen came under pressure against other major currencies in the early European session on Friday, as trader's focus on the U.S. jobs data for March due later in the day.
The U.S. dollar came under pressure during the European session on Wednesday, as a slowdown in the nation's private sector job growth in March heightened worries about a recession.