Commodity currencies hold advantage as dollar waits for inflation and Fed By Reuters – Investing.com UK
- Date: 11-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Commodity currencies hold advantage as dollar waits for inflation and Fed By Reuters – Investing.com UK
By Stanley White
TOKYO (Reuters) - The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from expectations for further gains in the price of oil, , steel, and other metals.
Traders are keenly awaiting the release of U.S. consumer price data on Wednesday to measure whether inflationary pressure is building, which could push Treasury yields higher and slow the dollar's fall, some traders say.