The dollar fell after soaring high last weeks

Wall Street and the dollar rose on Monday as investors anticipated Wednesday’s inflation report and the Bank of Japan’s signaling that it may end negative interest rates.

The central bank’s core CPI, which excludes volatile food and energy prices, is expected to fall annually.

The highly anticipated CPI statistics will offer market players a picture of August inflation and may shed light on the U.S. Federal Reserve’s restrictive policy cycle.

The Fed promises to respond quickly to economic data.

European markets rose on Beijing’s economic stability as investors anticipated the European Central Bank’s policy meeting on Thursday and the U.S. CPI report.

The dollar fell against a basket of international currencies as speculators sought hints of a “soft landing,” while the Yen rose after Ueda’s comments.


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