According to BlockBeats, the dollar has strengthened as markets anticipate the release of inflation data tomorrow. Economists surveyed by The Wall Street Journal predict that the Consumer Price Index (CPI) for November will show an annual rate of 2.7%. Any significant deviation from this expectation could influence the Federal Reserve's anticipated interest rate cut next week.
In currency markets, the dollar-yen pair rose by 0.3% during the day, nearing the 152 level. Analyst Rania Gule from XS.com noted that there are concerns about Japan's slow economic growth and low inflation. Despite Japan's strong economic performance in the third quarter, the market remains cautious about the central bank's willingness to take bold actions in monetary policy.