Dollar clings to recent bounce ahead of inflation, ECB

Hellenic Shipping News | Jun 9, 2021 at 2:00 AM
  • The dollar clung on to its recent small gains on Wednesday as traders looked to upcoming U.S. inflation data and a European Central Bank (ECB) meeting to gauge the pace of global recovery and policymakers’ thinking about paring back stimulus.
  • Investors have piled up bets against the dollar, but are growing nervous about whether the beginning of the end of enormous monetary stimulus is nigh – and worry that interest rate rises could end a 15-month dollar downtrend.
  • The week’s major focus is on inflation, and the ECB and traders see both events bringing risks on all sides.

 

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