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.

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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.

Since a peak in late September, the dollar index has declined by more the 8%, with the greenback expected to have diminished appeal with lower yields in assets such as Treasuries as the Fed slows down.

The dollar index, which measures the greenback’s value against six major currencies, was flat at 105.1. Consumer inflation data for November lands on Tuesday and is expected to show a 6.1% rise on a year-on-year basis in the core reading, which excludes food and energy prices, down from 6.3% in October.

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