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Global Currencies

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finance2 years ago

U.S. inflation data causes dollar to slip.

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.