The dollar edged down on Tuesday, but
remained in tight ranges against peers, ahead of key inflation
data from major economies this week that could inform the global
interest rate outlook. . -May 28, 2024 at 04:01 am EDT
- MarketScreener
The dollar edged down on Tuesday, remaining in tight ranges against peers as markets awaited key inflation data from major economies. This data could influence the global interest rate outlook, impacting the dollar. Markets are currently fully priced for a potential U.S. rate cut in December 2024.
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SINGAPORE- The dollar waned on Tuesday on a slight pick up in risk appetite, but remained in tight ranges against peers ahead of key inflation data from ma.