The dollar rose against the euro and yen before a government report that may show U.S. inflation expedited last month, giving the Federal Reserve less reason to lower interest rates.
The dollar rose against 13 of the 16 most-active currencies as traders pared bets the Fed will reduce its benchmark rate by three-quarters of a percentage point next month. Crude oil traded below yesterday's record $100.10 a barrel in New York . The U.S. dollar index traded on ICE Futures in New York , which tracks the currency against its six major counterparts, grew 0.2 % to 76.1.
"There's a distinct possibility inflationary pressures could grow and grow,'' said Simon Derrick, the London-based head of currency strategy at Bank of New York Mellon Corp. "There is a risk we could see a high CPI number today.''
Consumer prices increased at an annual rate of 4.2 % in January from a year earlier, compared with 4.1 % the previous month. The Labor Department will release the report at 8:30 a.m. today in Washington .
Interest rate futures on the Chicago Board of Trade show a 4 % chance the Fed will lower rates by three quarters of 1 % to 2.25 at its March 18 meeting, down from 32 % odds a week ago. The remaining odds are for a half-point cutting.
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations
On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part