Market Pulse: Dollar Firms as Inflation Data Comes Into Focus

Market Pulse: Dollar Firms as Inflation Data Comes Into Focus
U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colo., on Nov. 3, 2009. Rick Wilking/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The dollar started the week on a firm footing, with investors looking toward a flurry of economic data releases this week, including the key U.S. consumer inflation number that will factor into the Fed’s decision on tapering of stimulus.

The DXY dollar index, which measures the currency against six major rivals, rose 0.20 points to 92.78, hitting a two-week high, as of 4:55 a.m. New York time.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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