Dollar steady after benign US inflation eases worries over rates – Markets

SINGAPORE: The dollar was steady on Monday after U.S. inflation data showed only a modest rise last month, easing some concerns about the pace of U.S. rate cuts next year, while the yen loitered near 156 per dollar, raising the possibility of intervention.

Investor sentiment was also lifted when a U.S. government shutdown was averted by congress’ passage of spending legislation early on…

Continue Reading


News Source: www.brecorder.com


Posted

in

by

Tags:

Comments

Leave a Reply