Dollar marooned as investors shrug off inflation spike By Reuters – Investing.com
- Date: 11-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Dollar marooned as investors shrug off inflation spike By Reuters – Investing.com
By Tom Westbrook
SINGAPORE (Reuters) - After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved on - leaving the U.S. dollar under pressure and most majors stuck in ranges.
Early in the Asia session the greenback nursed small losses, as traders figured there were enough one-offs in last month's 0.6% rise in consumer prices to support the Federal Reserve's insistence that inflation was likely to be transitory.
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