The dollar held firm against other major peers ahead of a highly anticipated reading of US inflation
TOKYO – The yen pulled away from a two-week low versus the US dollar on Wednesday after data showed Japanese wholesale inflation accelerated, supporting the case for a Bank of Japan interest-rate hike next week.
Investors are also watching for headlines from China's closed-door Central Economic Work Conference, which runs this week. The Antipodean currencies got a boost at the start of the week after Beijing pledged more fiscal and monetary support for the economy next year. The US dollar index , which measures the currency against the yen and five other major peers, rose slightly to 106.38, after reaching a one-week high of 106.63 in the previous session.Economists expect both headline and core consumer prices to have risen 0.3% in the United States in November, from previous increases of 0.2% and 0.3%, respectively.
Traders have ramped up bets for a quarter-point reduction in February to 62%, from closer to 50% a day earlier.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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