Pressure on risk currencies subside, US inflation in focus By Reuters – Investing.com
- Date: 12-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Pressure on risk currencies subside, US inflation in focus By Reuters – Investing.com
By Hideyuki Sano
TOKYO (Reuters) - Risk currencies hovered above their recent lows against the dollar and the yen on Monday, as fears about slowdown in the global economic recovery appeared to have subsided for now.
The outlook for U.S. inflation and the speed of the Federal Reserve's future policy tightening are back in focus ahead of Tuesday's consumer price data and Fed Chair Jerome Powell's testimony from Wednesday.
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