Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonTOKYO - Major currencies were steady on Monday with the dollar consolidating against peers, as market participants awaited U.S. inflation data to assess the prospects of interest rate cuts this year.
"The rise in inflation expectations likely reflects stalling disinflation progress and will do little to help cool price pressures," wrote Westpac economists in a client note. Fed Chair Jerome Powell will also make an appearance on Tuesday at a meeting of the Foreign Bankers' Association in Amsterdam.
The dollar index, which measures the greenback against a basket of currencies, was mostly flat at 105.34, following its first weekly gain last week after two successive weeks of decline.
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