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Dollar gains ahead of U.S. inflation print; EM currencies steady
The dollar advanced slightly before the U.
The U.S. dollar inched higher against the yen and euro as traders positioned for upcoming Consumer Price Index data expected on Friday. The dollar index climbed 0.2%, reflecting expectations that the Federal Reserve may hold rates longer if inflation proves persistent. Emerging-market currencies including the rupee and peso traded narrowly as investors awaited clarity on policy direction. Analysts said a higher-than-expected CPI could reignite bond-yield pressure and delay global easing cycles, reinforcing the greenback’s strength in the near term.