Dollar Rises as Case for US Rate Hikes Firms

[Epoch-Times-Bot]

Dollar Rises as Case for US Rate Hikes Firms

LONDON/SYDNEY—The dollar inched higher on Monday as investors set their sights on inflation data later in the week which is expected to show that price pressures remain strong.
Meanwhile, sterling slipped for the fourth straight session even after the Bank of England (BoE) expanded its support for markets.
U.S. data due on Thursday is forecast to show headline inflation came in at a hot 8.1 percent year-on-year rate in September, but down from 8.3 percent in August. Core inflation is expected to have risen to 6.5 percent, from 6.3 percent previously.
Unemployment unexpectedly fell in the U.S. last month, data showed last week, adding to concerns that wage pressures and inflation will stay high and pushing up bond yields....

Source: Dollar Rises as Case for US Rate Hikes Firms

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