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


The dollar is close to a 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, changes little 89,58 at 05:20 a. m., AND (09:20 GMT), the lowest since February 6.

The USD/JPY gives up 0.33% 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 is stable with the USD / CHF to 0,9342.

Elsewhere, the euro is stable, with {{ | EUR / USD}} up to 1,2351, while GBP / USD sliding 0.14% to 1,3869.

In a preliminary report, Eurostat said the gross domestic product of the euro zone increased by 0.6% in the fourth quarter, in line with expectations. A year-to-year, the economy grew by 2.7%, also as expected.

The dollars of australia and new zealand is increasing, with AUD/USD rising 0.11% to 0,7867 and NZD/USD rising 0.58% to 0,7315.

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 0.11% to stand at 1.2578.

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