Dollar Holds Firm Ahead of Inflation-Heavy Data Deluge

Dollar Holds Firm Ahead of Inflation-Heavy Data Deluge
U.S. dollar banknotes on Feb. 14, 2022. Dado Ruvic/Reuters
Reuters
Updated:
0:00

LONDON—The dollar held fairly steady on Monday ahead of a macro-packed week that could shed more light on the global rate outlook, with a U.S. inflation reading taking centre stage.

The core personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred measure of inflation—is due on Thursday, where expectations are for a 0.4 percent increase on a monthly basis.