Yesterday, USD traded lower across the board, with the main gainer being JPY. As for today, following the recent developments in equity markets, all the financial community is likely to turn its attention to the US CPI Data for January. In the UK, inflation data beat estimates, but the pound failed to enjoy any lasting gains.
USD Slides Across the Board as Investors Await for the US CPI Data
The dollar traded lower against all but one of the other G10 currencies on Tuesday ahead of the US inflation data for January, due out today. It traded virtually unchanged only against CAD. The main gainers were the JPY, NOK and NZD in that order. The Kiwi was boosted overnight after the RBNZ 2-year inflation expectations rose to 2.11% from 2.02% previously.
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