New York, London, Frankfurt and Paris all were slightly lower at the close, as were major Asian markets.
“Tuesday’s release of CPI is thus going to be important for the dollar and the markets in general,” noted Fawad Razaqzada, a market analyst at ThinkMarkets. But despite long-running market worries that the bank will have to lift interest rates, he insists that monetary policy will remain very supportive until the economy is firmly back on its feet.US quarterly earnings season gets underway this week, with major banks up first: JPMorgan and Goldman Sachs are to post results on Wednesday, followed by Morgan Stanley on Friday.
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