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Dollar Falls as Europe Inflation Cools and China Lifts the Aussie

Started by Epoch-Times-Bot, Jan 04, 2023, 06:40 AM

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Epoch-Times-Bot

Jan 04, 2023, 06:40 AM
Dollar Falls as Europe Inflation Cools and China Lifts the Aussie

LONDON—The dollar fell broadly on Wednesday, losing out to commodities currencies like the Australian dollar and against the euro, which got a lift from a raft of data that suggested European inflation may finally have peaked.
The dollar was already under pressure from investors who have grown more optimistic over the prospect that China’s relaxation of tough COVID-19 restrictions will breathe life into the world’s second largest economy.
Data on Wednesday showed French consumer price pressures cooled by a lot more than expected in December, while the previous day, German data also showed inflation fell significantly more than forecast. This came hot on the heels of Spanish inflation data last week that painted a similar picture....

Source: Dollar Falls as Europe Inflation Cools and China Lifts the Aussie

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