Business Activity Gains Momentum as US Inflation Gauges Cool
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UPDATE 2-Brazil s Aug primary deficit matches forecasts, widens 2023 shortfall
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FOREX-Dollar dips before consumer price inflation data Reuters 1 hr ago By Karen Brettell Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds Treasury auction results, comments from Fed s Rosengren, updates prices) By Karen Brettell NEW YORK, April 12 (Reuters) - The dollar dipped slightly on Monday as traders awaited highly anticipated U.S. inflation and retail sales data in coming days, and as the Treasury Department saw solid demand for new sales of three-year and 10-year notes. The dollar has rebounded this year as U.S. Treasury yields rise on expectations of faster economic growth and higher inflation. U.S. consumer price data for March due on Tuesday is a major economic focus. Investors are betting that price pressures will increase due to increased fiscal and monetary stimulus and as businesses reopen from COVID-19 related closures. Comparisons with last year are also likely to be strong, due to a drop in inflation a year ago when bus