Similar Stories to Currencies: Dollar Gains As Consumer Inflation Data Expected To Back Interest-rate View on Bing News

The dollar advanced modestly against major rivals in subdued Thursday action as U.S. inflation data and a downgrade for a European growth forecast took precedence over the trade-row concerns that had dominated recent forex dealings.

Topics:  u.s    european   dollar   gains   inflation data   
BING NEWS:
  • Dollar Supported by Euro Weakness and Strong US Consumer Sentiment
    The dollar extended its gains Friday after the University of Michigan US Nov consumer sentiment index rose more than expected ... Powell said core inflation is still "somewhat elevated," which may ...
    11/14/2024 - 1:39 pm | View Link
  • Dollar retains strength against peers on Trump trade
    The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled by market expectations since Donald Trump clinched ...
    11/14/2024 - 6:33 am | View Link
  • Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
    U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest ...
    11/13/2024 - 5:08 am | View Link
  • October Inflation Rate Rises To 2.6% As Expected: December Interest Rate Cut Remains Uncertain (UPDATED)
    This story has been updated with additional details. After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index (CPI), reversed course in October, ...
    11/13/2024 - 1:04 am | View Link
  • Dollar Rises With U.S. Inflation Data in Focus
    The dollar was rising as investors look ahead to U.S. inflation data at later today for clues on the Federal Reserve's interest-rate cut cycle. The data follow the dollar's recent gains on ...
    11/12/2024 - 8:27 pm | View Link
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