The US dollar rate keeps staying near a weekly bottom vs the majors on February 14 on at-risk mood concerning USD taking into account an expected US inflation data release.
Investors await announcement of the US consumer price inflation rate today to get a clearer picture of the further increase in interest rate by the Federal Reserve in 2018.
On Wednesday, the US Dollar index (US dollar capacity against six key currencies) decreased to 89.58 and thus fell to the bottom since the start of the month.
The US dollar to yen exchange rate was recorded at 107.46 considering forecasts that the Bank of Japan may be on the track of the Federal Reserve and European Central Bank in terms of monetary policy. For reference, the Bank of Japan reportedly stated earlier that may keep following soft monetary policy this year.
The franc stayed unmoved – USD-CHF was at 0.9342. Besides, the euro also posted stable position – EUR-USD was at 1.2351.
At the same time, the sterling in GBP-USD pair trimmed gains coming to 1.3869.
The AUD-USD and NZD-USD rates were seen at 0.7867 (0.11% up) and 0.7315 (0.58% up) respectively.
The USD-CAD on the contrary rolled back to some 1.2578.