Dollar and Major Currencies Hold Tight Ranges as Traders Await Inflation Verdict

BitcoinWorld Dollar and Major Currencies Hold Tight Ranges as Traders Await Inflation Verdict The US dollar and major currencies traded in narrow ranges on Monday as investors held back ahead of the latest inflation data, which is expected to provide fresh clues on the Federal Reserve’s monetary policy path.

The dollar index hovered near recent levels, while the euro, yen, and pound showed limited movement in thin early-week liquidity.

Market Positioning Ahead of Inflation Data Currency markets are in a wait-and-see mode as traders position for the upcoming consumer price index (CPI) release, scheduled for later this week.

The inflation print is seen as a critical input for the Fed’s next interest rate decision, with markets currently pricing in a high probability of a rate cut at the next meeting.