A month ago, a small surprise to the downside unleashed a wave of bond-buying and dollar selling on the expectation that inflation had peaked.
The dollar lifted 0.8% on the yen overnight and was steady at 137.62 yen in early Asia trade on Tuesday.Economists polled by Reuters expect November core inflation to be steady at 0.3% month-on-month but see moderation in the annual pace, with headline prices seen 7.3% higher than a year earlier.
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International Finance: Dollar up, stocks down as traders eye rate paths: markets wrapThe dollar advanced and stocks extended declines in Asia at the start of a pivotal week for markets, with interest rate decisions due from the Federal Reserve, the European Central Bank and a host of their peers.
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US dollar rises vs most currencies ahead of inflation data, Fed meeting - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The dollar gained against most currencies on Monday in choppy trading ahead of key data expected to show US inflation moderating in November on a year-on-year basis, and a Federal Reserve decision that likely slows the pace of rate increases at the conclusion of its two-day policy meeting on Wednesday.
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