Asian stocks traded within tight ranges, as traders awaited US inflation data due this week for clues on the size of the Federal Reserve’s coming...
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Maroc - FINANCIALMIRROR.COM - A La Une - 12/Aug 15:25
Dollar steadies in calm start to US inflation
The EURUSD currency pair remains in a tight range above the round-level support of 1.0900 on Monday as it struggles for direction. Investors look for fresh cues at the start of a busy data week that will likely indicate how much the Federal Reserve will cut interest rates in September. For fresh interest rate cues, investors mainly await the US Consumer Price Index (CPI) data for July to be published on Wednesday. Economists expect that monthly headline and core inflation, which strips off volatile food and energy prices, rose by 0.2%. Annual headline and core CPI are estimated to have
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