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Dollar Climbs Following U.S. CPI
(RTTNews) - Following the release of U.S. CPI for June at 8.30 am ET Wednesday, the greenback rose against its major counterparts.
The greenback was trading at 137.40 against the yen, 1.0016 against the euro, 1.1875 against the pound and 0.9802 against the franc around 8:32 am ET.
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Euro Rises Amid Risk-on Mood
The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction.
After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
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The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
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The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the early European session on Tuesday.
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Yen Rises After Japan GDP Data
The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Monday.
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