U.S. inflation data causes dollar to slip.

1 min read
Source: Reuters
U.S. inflation data causes dollar to slip.
Photo: Reuters
TL;DR Summary

Major global currencies, including the US dollar, remained steady ahead of the release of US inflation data, which is expected to show a year-on-year decline to 5.2%. The data will be closely watched by investors for clues on when the Federal Reserve will end its rate-hiking cycle. The US dollar index was steady at 102.08, while bitcoin slipped 0.74% to $30,001.

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