The U.S. dollar is consolidating against major currencies as investors assess President-elect Donald Trump's tariff promises and await U.S. inflation data. The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark rates, while the dollar remained off its highest against the Mexican peso. The yen outperformed due to safe-haven bids and growing bets for a December rate hike in Japan. The dollar index is down slightly, and the euro and sterling are slipping. Bitcoin is up slightly, but struggling to surpass the $100,000 mark.
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Original article source: https://www.dailymail.co.uk/wires/reuters/article-14131097/FOREX-Major-currencies-regroup-US-inflation-data.html
Source Id: 2024-11-558307918