London—The dollar steadied on Tuesday ahead of the release of U.S. inflation data and the final Federal Reserve meeting of the year, with investors waiting to update interest rate outlooks.
A month ago, a small surprise to the downside unleashed a wave of bond buying and dollar selling on the expectation that inflation had peaked. The figures, due at 1330 GMT, will test that assumption, while the Fed’s decision on Wednesday should provide some reasonably instant feedback from policymakers.
