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Dollar Advances against Yen ahead of US Inflation DataTokyo, 12 Aug (ONA) — The dollar firmed against the yen today and held its ground against the euro and sterling, as markets braced for a US consumer inflation report later in the day that could shape expectations for Federal Reserve interest rate cuts.
The dollar added 0.2% to 148.40 yen.
The euro edged slightly higher to $1.1622, while sterling eased slightly to $1.3426.
The dollar index – which measures the currency against those three counterparts and three more rivals – was steady at 98.476, after advancing 0.5% over the past two sessions.
The yuan was flat at 7.1917 per dollar in offshore trading. The Aussie fetched $0.6513, little changed from Monday. — Ends/AH
