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Dollar treads water, U.S. inflation data awaited for Fed direction

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - The dollar trod water against a group of peers early on Friday, as currency investors remained cautious ahead of U.S. inflation data due later in the session, which is expected to set the greenback's near-term direction.The U.S. currency's recent advance, notably against the yen, has stalled towards the end of this week as Federal Reserve Chair Janet Yellen curbed some of the monetary tightening expectations that had supported the greenback.Signs of a pickup in U.S. inflation could reinforce views that the Fed would hike interest rates again sooner rather ...

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First Published: Fri, July 14 2017. 06:12 IST
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