Forex

Dollar turns higher ahead of major US data

2021-06-09 18:46:33 GMT (Economies.com)

The US dollar steadied against most of its peers, erasing its early losses ahead of key US economic data.

 

The US 10-year Treasury yield fell today below 1.5% for the first time since May 7.

 

Markets await US inflation data tomorrow, which would set estimates correctly for policy tightening by the Fed in the next few years, amid forecasts for the US consumer price index by 0.4%.

 

The weekly jobless claims will also be released, which is considered a preliminary gauge of the labor market.

 

The dollar index rose against a basket of currencies by less than 0.1% to 90.1 points as of 18:16 GMT, after it hit a high of 90.1 points and a low of 89.8 points.

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