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Dollar softens ahead of CPI, tariffs remain in focus - REUTERS

JANUARY 15, 2025

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Summary

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

Jan 14 (Reuters) - The dollar fell against the euro on Tuesday but was still hovering near its highest level in more than two years as the first of two inflation readings this week provided little assurance the U.S. Federal Reserve will soon cut interest rates.

Cooler-than-expected producer prices in December followed last week's strong jobs report that led investors to scale back bets on rate cuts as potential U.S. tariffs remained in the spotlight.

MARKET NEWS

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