Dollar Holds Steady Ahead of CPI Report
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The dollar index remains steady at 98.4 as investors await the November CPI report, expected to show persistent inflation above the Fed's target. Mixed labor data hasn't changed market expectations, with at least one rate cut anticipated. Fed Governor Waller suggests rate cuts are possible, while Atlanta Fed President Bostic is more cautious. Attention is also on upcoming monetary policy decisions from the ECB, BoE, and BoJ.
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