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U.S. dollar holds firm ahead of U.S. inflation data

News 13:45 11 Jan, 2023
U.S. dollar holds firm ahead of U.S. inflation data

The U.S. dollar held its ground on Wednesday as traders waited for this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat, Qazet.az reports.

The euro flattened against the dollar after a European Central Bank policymaker said the cycle of interest rate increases was approaching its end, while ECB staff published an article arguing that "very strong" wage pressures are likely over the next few quarters.