The dollar is near a three-week high as traders await U.S. inflation data, crucial for gauging the Federal Reserve’s monetary policy path amid potential leadership changes. Elevated Treasury yields and Trump’s criticism of Powell are also influencing the currency. Meanwhile, the Aussie dollar dipped ahead of China’s GDP report, with concerns about economic slowdown impacting its value.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets