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Currencies tread with caution ahead of US inflation test https://t.co/QFdjwhPLxu via @Reuters https://t.co/Bm1BlSiUhK
🔵 CURRENCIES TREAD WITH CAUTION AHEAD OF US INFLATION TEST The dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as investors brace for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal… https://t.co/1dFZerDh0U
#Gold prices steady with spotlight on US inflation data https://t.co/4fmTumUYxq via @Reuters https://t.co/v5fg6hsOUg
The dollar remained tentative on Monday while the yen dipped, paring some of its safe-haven gains, as investors were uncertain about the scale of the Federal Reserve's anticipated rate cut later this month. The rupee ended flat despite risk aversion impacting other Asian currencies, supported by expectations of intervention from the Reserve Bank of India. Gold prices eased due to a firmer dollar, with market participants focusing on upcoming U.S. inflation data. The yen inched away from one-month highs as investors brace for U.S. inflation data.