Dollar sellers hit pause for US inflation data

The dollar came under pressure after a decline in oil prices and gains in stocks overnight encouraged investors to return to riskier assets. Selling in the U.S. currency then paused as markets turned their attention to U.S. inflation data.

Risk appetite weighs on the dollar

The move reflected a shift in investor positioning. Lower oil prices and stronger stock performance reduced demand for the dollar as investors rotated back toward riskier assets.

Inflation data in focus

The pause among dollar sellers places upcoming U.S. inflation data at the centre of market attention. The data is the next identified event shaping the currency market in the supplied report.