Reuters
Dollar edges higher amid pandemic concerns, U.S. inflation in focus
The dollar edged higher across the board on Monday as concerns about the pandemic encouraged investors to seek a safe haven, and as they awaited more clues about the global economic recovery. With markets hyper-sensitive to any talk of early tapering, U.S. inflation data on Tuesday will be closely watched ahead of testimony by Federal Reserve Chair Jerome Powell on Wednesday and Thursday. “Market caution reigned at the start of the week, weighing on risk sentiment and boosting the U.S. dollar,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
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