Dollar Index Stays Muted Ahead Of Crucial US Inflation Data

Published on Mar 12, 2024 11:23

The dollar index is staying muted in Tuesday morning in Asia as investors await crucial U.S. consumer and producer prices data for more clarity about the Federal Reserve`s interest rate moves. The dollar index that measures the greenback against a basket of currencies hit a high of 102.83 earlier in the session before paring some gains to be currently quoting at 102.79, down 0.06% on the day. Meanwhile, benchmark 10-year US treasury yields are staying close to 4% mark. Among basket currencies, EURUSD and GBPUSD are trading higher by 0.11% at $1.0941 and $1.2821 respectively.