Euro holds above 3-week lows ahead of US inflation data

2021-09-14 09:52:10 GMT (Economies.com)
Euro holds above 3-week lows ahead of US inflation data

Euro rose in European trade against dollar away from three-week lows, on track for the first profit in three days and ahead of crucial US inflation data, which would provide clues for the future of US monetary policies.

 

EUR/USD rose 0.2% to 1.1830, with an intraday low at 1.1804, after shedding 0.1% yesterday, the second loss in a row, plumbing three-week lows at 1.1770.

 

The dollar index fell over 0.1% on Tuesday away from three-week highs at 92.88 against a basket of major rivals. 

 

Dollar lost ground on profit-taking while investors shun new positions until inflation data for August is revealed. 

 

As inflationary pressures mount on policymakers, bets for a policy tightening by the Federal Reserve before yearend mounts in a step that will lead to interest rate hikes later on.

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2062%
1.3718
0.0042
0.3089%
Tadawul
11270.57
-40.58
0.36%
22.685
0.385
1.724%
73.459
2.526
3.561%
77.54
0.27
0.35%
1753.590
-3.215
0.183%
 
 
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