Dollar Edges Higher on Inflation

FxPremiere.com – FX Signals – The dollar edged higher in early European trade Monday with attention returning to the outlook for U.S. inflation and the Federal Reserve’s monetary policy as concerns over the global economic recovery ease.

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Forex Signals – The U.S. dollar was down

However, this demand largely subsided on Friday, helped by China’s decision to cut banks’ reserve requirement ratio to underpin a recovery that looked like it was losing momentum.

Forex Signals – US Dollar Up After COVID-19 Recovery

Dollar edges down after inflation data

Elsewhere, USD/CNY fell 0.1% to 6.4746, with China set to release a deluge of economic data this week, including figures on trade, retail sales and industrial output.

Last week’s sudden easing in policy last week has raised concerns that this figures will show a slowing in the country’s recovery from the pandemic.

US Dollar Index edges higher

Dollar Edges Higher on Inflation

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