Dollar Edges Lower

Forex Signals by FxPremiere.com / The dollar edged lower in early European trade Friday, taking a breather after the week’s gains, as traders digest the latest inflation data and the potential impact on Federal Reserve policy.

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This strong data adds to Wednesday’s stunning jump in consumer prices, suggesting inflationary pressure is building up in the United States as vaccine rollouts prompt a reopening of an economy bursting at the seams with stimulus.

INFLATION IN THE FOREX MARKET

“The factors putting upward pressure on inflation are temporary, and an accommodative monetary policy continues to have an important role to play in supporting the recovery,” Waller told a virtual event Thursday. “We will not overreact to temporary overshoots of inflation.”

Benchmark 10-Year U.S. Treasury yields failed to rise to any great degree after the PPI data, and now trade around 1.65%.

Dollar Edges Lower

17 02 2021 EURUSD BUY LIMIT

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Forex Signals – Dollar Weakens Ahead of Sterling

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