Dollar falls as yen climbs on inflation outlook
The US dollar declined during Tuesday's trading, while the yen, British pound, and euro rose, amid falling US Treasury yields and market anticipation of upcoming US inflation data. The dollar index (DXY) reached around 102.42 points, down by 0.14%, despite approaching its highest level since April 2025. The yen appreciated by 0.2% to approximately 158.2 per dollar, supported by data indicating a 6.8% year-on-year increase in wholesale prices in Japan for September. The euro and the British pound saw modest gains, while the Chinese yuan remained near its strongest level in four years, with slight fluctuations in the Australian and New Zealand dollars. US 10-year bond yields slightly declined as the market awaits consumer inflation data that will influence the future direction of monetary policy, amidst expectations that the Fed may hold interest rates steady at its upcoming meeting.
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