The U.S. dollar shed ground against its major counterparts on Tuesday with recent data showing a slowdown in inflation reinforcing expectations the Federal Reserve will start reducing interest rates from the first quarter of 2024.
Data from the Commerce Department last week said the annual rate of consumer price growth decelerated to 2.6% in November from a downwardly revised 2.9% in October. Economists had expected the pace of price growth to slow to 2.8% from the 3% originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Forex News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.