The dollar rose against the Japanese yen today, Tuesday, and held steady against the euro and the British pound, as markets awaited the U.S. Consumer Price Index inflation report scheduled for release later, which could influence expectations regarding a potential interest rate cut by the Federal Reserve (the U.S. central bank).
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According to the economic news agency Bloomberg, the dollar increased by 0.2% to 148.40 yen, while the dollar index—which measures the U.S. currency’s performance against a basket of major currencies—remained stable at 98.476 after rising 0.5% in the past two sessions.
The euro recorded a slight increase to $1.1622, while the British pound edged down slightly to $1.3426.
The Chinese yuan remained steady at 7.1917 against the dollar in offshore trading. The Australian dollar was recorded at $0.6513, showing no significant change compared to Monday.
