empty
 
 

10.11.202602:45:00UTC+00Dollar Holds Decline Ahead of CPI Report

The US Dollar Index hovered around 101.7 on Tuesday after weakening in the previous session, as investors awaited the October Consumer Price Index report. Both headline and core inflation are expected to ease amid stabilizing energy prices.

Richmond Fed President Tom Barkin said on Monday that the central bank should proceed “with care” in adjusting monetary policy, emphasizing that persistent inflation remains its primary concern. Market pricing currently reflects an 84% probability of a Federal Reserve rate hike in December, up from about 74% a week earlier, following stronger-than-expected employment data released last week.

At the same time, safe-haven demand for the dollar diminished as oil prices continued to fall on growing optimism over a potential US–Iran peace agreement. President Donald Trump voiced confidence that the conflict involving Iran was nearing an end after talks with Qatar’s prime minister.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback