Currency Markets Await U.S. Inflation Data Amid Trade Tensions

The dollar gained against other major currencies as traders anticipated U.S. consumer inflation data and dissected trade tensions between the U.S. and China. Despite these tensions, currency markets remained calm, with traders mostly skeptical about threats materializing into substantial action. Focus remains on upcoming monetary policy decisions from key central banks.

The dollar advanced against key peers as traders awaited U.S. consumer inflation figures, amid ongoing U.S.-China trade tensions.

Raw nerviness remains present among market participants as trade threats loom, though many hold skepticism on any real escalation.

Central banking awaited decisions loom, notably with the Fed and BOJ, poised to coax further fiscal directions.

(With inputs from agencies.)