Sumary of FOREX-Dollar holds recent ranges after soft U.S. inflation:
- By Ritvik Carvalho4 Min Read* Graphic: World FX rates tmsnrt.
- The index has meandered between 92.3 and 92.9 over the past week as several Fed officials have suggested the U.S. central bank could reduce its buying of debt securities by the end of the year, even after a much-weaker-than-expected payrolls report at the start of the month.
- It also means the central bank will be buying fewer debt assets, effectively reducing the number of dollars in circulation.
- European Central Bank Chief Economist Philip Lane speaks at the IMFS webinar later in the day.