GBPUSD will increase slightly during the day and continue to wai
The dollar fell further in European trading on Monday as traders remained cautious ahead of the release of key US inflation data that could provide further information on US policy. Future Federal Reserve System.
The dollar fell as traders awaited the release of October U.S. consumer price data for an update on the progress of the Fed's efforts to bring inflation down from multi-decade highs. .
Inflation is currently expected to rise by 0.1% monthly, and CPI rose 0.4% in September due to an unexpected rise in US rents, although it also shows a slight decline in core inflation. ing.
Any economic slowdown would be triggered by October's jobs report, which shows that labor market conditions are easing.
But Fed Chairman Jerome Powell said in a statement last week that it remains unclear when the fight against inflation will end, and he suggested further rate hikes were still a possibility.
The dollar fell as traders awaited the release of October U.S. consumer price data for an update on the progress of the Fed's efforts to bring inflation down from multi-decade highs. .
Inflation is currently expected to rise by 0.1% monthly, and CPI rose 0.4% in September due to an unexpected rise in US rents, although it also shows a slight decline in core inflation. ing.
Any economic slowdown would be triggered by October's jobs report, which shows that labor market conditions are easing.
But Fed Chairman Jerome Powell said in a statement last week that it remains unclear when the fight against inflation will end, and he suggested further rate hikes were still a possibility.
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