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