Forecasts & opinions
The greenback was trying to erase yesterday's losses and the dollar index edged higher from the intraday low, despite not so positive inflation data from the US.
The core PCE inflation index, which is the favorite way of measuring inflation for the Fed, unexpectedly deteriorated to 1.8% in October, down from 1.9% (revised lower from 2.0%) previously. The normal gauge stayed at 2.0% year-on-year. Slowing inflation can deter the Fed from raising rates, along with other factors such as weakening economic momentum.
|remaining time till the new event being published|
- U.S., Japan may need more tools to shore up banking system - Fed's Rosengren
- UK must be clear what a no-deal Brexit would mean - Bank of England Governor Carney
- German output growth remains moderate in June - IHS Markit
- Eurozone composite PMI hits seven-month in June - IHS Markit