The Traders will then focus on Thursday’s meetings of the Bank of England and the European Central Bankin which an increase in rates of 50 bp.
The euro operates stable, a $1.0642not far from the six-month intraday high of $1.0673 hit in the previous session after the US CPI data.
The pound sterlingthat also hit six-month highs after the US data, is trading flat at $1.2376following a brief dip after UK inflation data also showed a bigger-than-expected drop.
The dollar indexwhich compares the greenback to a basket of six major currencies, falls slightly to 103.91 units, after having touched a six-month low of 103.57 after inflation data.
The coin it has lost 9% since reaching its highest level in 20 years in Septemberas expectations of high and rising rates in the United States, which fueled the dollar’s gains, have begun to subside.
The US currency was trading at 135.27 yen, 0.2% less, after lose 1.5% on TuesdayAlready 0.9277 Swiss francsslightly less, after falling to an eight-month low of 0.9230 on Tuesday.
Source: Ambito
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