PT Solid Gold Berjangka | Dollar Advances Before US CPI Data, Yen Weakens
The dollar outperformed its Group-of-10 peers amid speculation the US inflation data for August will print stronger than expected and boost Treasury yields higher. The yen weakened.
USD/JPY advanced 0.2% to 147.39, adding to Tuesday’s 0.3% rally.
US August inflation data due later Wednesday; CPI is expected to have risen 0.6% on month, compared with 0.2% pace the previous month, according to median estimate in Bloomberg survey.
AUD/USD fell for a second day with a decline of 0.3% to 0.6410.
Descending 50-DMA may come into play and dovetail with a triple top at 0.6522 to further define topside resistance.
EUR/USD was little changed at 1.0751 as investors await ECB monetary policy decision on Thursday in which a majority of economists surveyed by Bloomberg expects no change at 4.25%.
GBP/USD was little changed at 1.2489.
Source: Bloomberg
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