US Dollar Rises Ahead of Consumer Price Data By FXNEWSTODAY

FXNEWSTODAY – The dollar rose against most major currencies during trading on Monday, with close anticipation of economic data and the Federal Reserve meeting.

Tomorrow, Tuesday, data on the consumer price inflation index in the United States for the month of November is expected to be released.

The Federal Reserve’s Open Market Committee meeting will also begin tomorrow to discuss the US Central Bank’s monetary policy, and expectations indicate that the Federal Reserve will announce at the end of its meeting on Wednesday a decision to stabilize the interest rate without change.

In terms of trading, it rose by 21:30 GMT by 0.1% to 104.08 points, and recorded the highest level at 104.2 points and the lowest level at 103.9 points.

Yen

The Japanese rose by 21:48 GMT by 0.9% to 146.1.

Japan’s M2 money supply index rose by 2.3% compared to expectations of a 2.5% increase last month.

Australian dollar

The Australian dollar fell against its US counterpart by 21:51 GMT by 0.2% to 0.6567.

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