The US Dollar has stabilized this morning ahead of more crucial Inflation data which is set to be released later this afternoon.
U.S Consumer Prices yesterday came in at 2.6% year-on-year which was marginally below expectations, but with the figures having climbed by 0.2% this is seen to have given the Federal Reserve more room to reduce their interest rates.
This afternoon we have the producer inflation release, alongside November's Retail Sales figures. Producer Inflation should mirror yesterday's figures which would only go further to cementing the possibility of further interest rate cuts as we move into 2026, albeit dependant on how much prices have risen by.
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