{
  "id": 19259306,
  "title": "Dollar sellers hit pause for US inflation data",
  "url": "https://urgent.news/2026/11/10/dollar-sellers-hit-pause-for-us-inflation-data-19259306",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T01:10:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/10/dollar-sellers-hit-pause-for-us-inflation-data"
  },
  "original_language": "en",
  "account": "The dollar index has risen this year, as speculation shifted from rate cuts to hikes after Iran's conflict with Israel led to increased energy prices and inflation. Sydney, Tuesday: Amid a volatile period, the dollar found support and maintained its position throughout Tuesday's Asian session while traders anticipated US inflation data, which may further boost the dollar if it strengthens rate hike expectations. A decline in oil prices and a rise in stocks contributed to the dollar's decrease, as investors redirected towards riskier assets. Both the Australian dollar and New Zealand dollar also experienced growth, with the Australian dollar reaching US$0.6921 early on Tuesday and the New Zealand dollar hitting US$0.5624. The euro made a notable rebound, increasing by 0.7% overnight to US$1.1220 after strong US jobs data revived the dollar's value and rate expectations, positioning the euro/dollar pair near the midpoint of its monthly range. The market is currently positioned favorably towards the dollar, which has gained value this year as initial expectations for US interest rate cuts transformed into hopes of rate hikes following the Iran-Israel war, contributing to increased energy costs and inflation. On Friday, a significant jobs report, with employment surpassing expectations by more than double, has driven markets to price an 85% chance of a Federal Reserve rate increase in the upcoming month. When US inflation data is released, it is anticipated to be around 3.9% for headline inflation and 2.8% for core inflation, year-over-year, according to economists surveyed by Reuters. If inflation proves to be higher than anticipated, it could further fuel rate hike expectations and potentially bolster the dollar's value. Imre Speizer, strategist at Westpac in Auckland, commented on the potential for modest price increases in 2024, although the outlook has softened due to recent market volatility in AI stocks, driven by concerns that a Democratic majority in Congress could result in stricter regulations and hinder the AI sector's expansion. The British pound, which has benefited from the Bank of England's recent interest rate hike, is currently trading within a range it has experienced for nearly a year and a half at US$1.3441. Meanwhile, Japan's yen remained steady at 157.97 per dollar, having been the strongest-performing G10 currency against the dollar over the past six months due to substantial official interventions. In response to Japan's record sales of US$97 billion in reserves to support the yen between July and August, the currency has remained stable, despite diminishing hopes for a December rate increase in Japan.",
  "summary": "A tumble in oil prices and overnight stock gains knocked the greenback lower as investors rotated back into riskier assets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Dollar sellers hit pause for US inflation data",
        "url": "https://urgent.news/2026/11/10/dollar-sellers-hit-pause-for-us-inflation-data-19257383",
        "published": "2026-11-10T00:38:40.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar sellers hit pause for US inflation data",
        "url": "https://urgent.news/2026/11/10/dollar-sellers-hit-pause-for-us-inflation-data",
        "published": "2026-11-10T00:48:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}