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Dollar rises towards highest in over 2 years, euro up, yen falls - REUTERS

JANUARY 14, 2025

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Summary

  • Investors await US inflation data on Tuesday, Wednesday
  • Euro in positive territory, yen weakens
  • Fiscal worries sill weigh on pound

Jan 14 (Reuters) - The dollar rose towards its highest level in more than two years on Tuesday as strong economic data led investors to scale back bets on Federal Reserve rate cuts, while potential U.S. tariffs remained in the spotlight.

After a jobs report on Friday reinforced support for the U.S. central bank's cautious stance, investors will closely watch U.S. inflation readings, with producer prices (PPI) due later on Tuesday and consumer prices (CPI) on Wednesday.

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