PT Solid Gold Berjangka | Dollar benefits from risk aversion ahead of key inflation data

09:52 08 January in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

Indeks Dolar USD PT SGB Solid Group Solid Gold Berjangka SG Berjangka

Solid Gold Berjangka | The U.S. dollar edged higher in early European trade Monday, continuing to see demand as risk appetite remained subdued ahead of a key U.S. inflation report later in the week.

At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.262, remaining within sight of a three-week high.

In Europe, EUR/USD traded 0.1% lower at 1.0934, with the euro continuing to drift lower after a decline of 0.9% last week, ending a run of three weeks of gains.

GBP/USD fell 0.2% to 1.2692, with sterling likely to see quiet trading this week ahead of Friday’s release of GDP data for November on Friday with economists expecting a modest rebound after October’s drop.

Elsewhere, USD/JPY traded 0.1% lower to 144.50, after the yen last week logged its worst weekly loss since late-2022 in the wake of an earthquake battering central Japan.

Focus is now on CPI inflation data from Tokyo for December, later in the session, which usually acts as a bellwether for nationwide Japanese inflation.