Dollar Down Ahead of US Inflation Data, PBOC Raises FX Reserve Requirements By Investing.com – Investing.com
- Date: 10-Dec-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Dollar Down Ahead of US Inflation Data, PBOC Raises FX Reserve Requirements By Investing.com – Investing.com
By Gina Lee
Investing.com – The dollar was down on Friday morning in Asia ahead of U.S. inflation data that could provide clues as to when the Federal Reserve will hike interest rates. The Chinese yuan also recorded its after authorities moved to halt its recent rally.
The that tracks the greenback against a basket of other currencies inched down 0.07% to 96.183 by 10:14 PM ET (3:14 AM GMT).
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