Dollar Falls From 15-Month High, Central Banks Hold Interest Rates Steady Amidst Rising Inflation

Customers shop for produce at a supermarket in Chicago, Ill., on June 10, 2021. Scott Olson/Getty Images

The dollar made a steady start on Monday but fell below the 15-week peak reached after the Nov. 5 release of jobs data, as wary investors remained watchful of the central bank’s continued tolerance of inflation amidst the market’s volatile interest rate projections.

Investors are waiting for U.S. Consumer Price Index data due on Wednesday. The inflation indicator will show whether the Fed’s insistence on not hiking interest rates holds water.