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  • Reuters

    FOREX-Dollar edges up against euro after U.S. inflation data

    The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly hotter than expected, bolstering the case for continued interest rate hikes by the Federal Reserve even if at a slower pace. U.S. producer prices (PPI) rose 0.3% last month, data showed, above the 0.2% forecast by economist polled by Reuters. While the PPI report showed the underlying trend in inflation was moderating, it heightened concerns among market participants that next week's consumer price inflation report, which comes out just before the December Fed interest rate decision, could also surprise on the upside.

  • Reuters

    FOREX-Dollar edges up versus euro after U.S. producer inflation data

    The dollar edged higher against the euro on Friday after producer inflation data for November came in slightly hotter than expected, casting doubts on whether the U.S. Federal Reserve will slow its pace of interest rate hikes when it meets next week. While the PPI report showed the underlying trend in inflation is moderating, it heightened concerns among market participants that next week's consumer price inflation report, which comes out just before the Fed decision, could also surprise to the upside.

  • Bloomberg

    The Pound Went on a Wild Ride Close to Dollar Parity in 2022

    (Bloomberg) -- Three prime ministers, four finance ministers and one ill-fated budget dragged the pound within an inch of parity versus the US dollar in 2022.Most Read from BloombergPutin Says Russia May Add Nuclear First Strike to StrategyCeline Dion Brings Attention to Stiff Person Syndrome: Here’s What It IsStocks Drift With Wall Street on Hold Before Fed: Markets WrapMusk Twitter Leak Raises Concern About Outside Data AccessTesla's Troubles Are Piling Up While Elon Musk Is Distracted With Tw

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