The dollar struggled for direction in today’s trade, with traders erring on the side of cautious ahead of the closely watched U.S. inflation report that could weaken or strengthen the case for another Federal Reserve rate hike this year.
Aside from U.S. data, the tensions between U.S. and North Korea remained a key focal point. U.S. President Donald Trump raised the stakes on Thursday, saying his earlier threat to unleash “fire and fury” on North Korea “maybe wasn’t tough enough. “Additionally, China weighed in on the standoff, warning in an editorial in state-run Global Times that Beijing will intervene if the U.S. strikes first against North Korea.
Source: Marketwatch
More will update soon!!
