Dollar Edges Higher; U.S. Inflation Data Looms Large

By Administrator_ India Capital Sands The dollar edged higher in early European trade Thursday, amid cautious trading with traders looking towards key U.S. inflation data and an ECB meeting for clues of future direction.  EUR/USD traded 0.1% lower at 1.2167, falling back from the one-week high of 1.2218 seen during the previous session, USD/JPY dropped 0.1% at 109.55, GBP/USD fell […]

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Dollar Up, Inflation Remains on Investors’ Minds

Dollar Up, Inflation Remains on Investors’ Minds

By Administrator_India Capital Sands The dollar was up on Thursday morning in Asia but continued to hover near two-week lows. Weaker-than-expected U.S. inflation and a promise from the Federal Reserve to keep interest rates low continued to raise investor expectations of meagre returns from the U.S. currency. The U.S. Dollar Index that tracks the greenback against a […]

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