Currency – The dollar index to a low of one week in view of the inflation


© Reuters. The dollar index down to a record low of one week in view of the inflation

Investing.com – The u.s. dollar is trading at its lowest level in a week against the other major currencies on Wednesday, as sentiment on the greenback remained vulnerable before the publication of data on inflation in the u.s. expected later in the day.

Investors are eyeing the report on the data on inflation in consumer prices that will soon be available, in search of clues about the speed at which the federal Reserve will increase interest rates this year.

The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, was down 0.19% to 89,43 at 02:05 AM (06h05 GMT), the lowest since February 6.

The USD/JPY gives up 0.55% to a low of 15 months on forecasts that the Bank of Japan will follow the forecasts of the federal Reserve and the european central Bank regarding the normalization of monetary policy.

The swiss franc, the refuge has also been stronger with the USD / CHF down 0.15% to 0,9330.

Elsewhere, the euro was higher, with {{ | EUR / USD}} up 0.15% at 1,2371, while GBP / USD has continued to 1,3896.

Earlier Wednesday, the Bank of New Zealand said inflation expectations have reached the level of 2.1% for the first quarter.

In Australia, the consumer confidence index from Westpac declined by 2.3% in February after rising 1.8% in the previous month.

In the meantime, the USD / CAD slipped 0.16% to stand at 1.2572.

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