Dollar holds near 3-week high before CPI; bitcoin eases back from record peak
The dollar hovered near a three-week high versus major peers on Tuesday.
TOKYO: The dollar hovered near a three-week high versus major peers on Tuesday as traders awaited the release of US inflation data later in the day that could provide clues on the path for monetary policy.
The US currency was also buoyed by elevated Treasury yields, with investors weighing a potential exit of Jerome Powell from the Federal Reserve as President Donald Trump continued his criticism of the central bank chairman.
Currencies showed little reaction to data showing China's economy grew 5.2 per cent last quarter, slightly topping analysts' forecasts.
Bitcoin drifted further from Monday's all-time peak of US$123,153.22 following a seven-day, 14 per cent surge as investors bet on long-sought legislative policy wins for the cryptocurrency industry this week. It was changed hands at around US$118,215 as of 0240 GMT.
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