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FOREX-Dollar edges down after inflation data, ahead of FOMC


FOREX-Dollar edges down after inflation data, ahead of FOMC
Reuters
2 hrs ago
By Sinéad Carew
FX volatility at lowest since February 2020 With inflation data out, traders look to FOMC meeting Bitcoin holds steady Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Updates prices, adds commentary) By Sinéad Carew NEW YORK, June 10 (Reuters) - The dollar index was down slightly on Thursday after alternating between losses and gains earlier in the session as investors digested elevated U.S. inflation and European Central Bank commentary while eyeing the U.S. Federal Reserve s next meeting. After adopting a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound, Thursday s developments appeared to add little new direction to currency markets. Earlier in the day, the ECB raised its growth and inflation views but promised to keep ample stimulus flowing, fearing that ....

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