fxstreet.com 10 Feb, 2021 08:00 am

Dollar extends decline, Bitcoin holds high ahead of US inflation, Powell's speech

Dollar extends decline, Bitcoin holds high ahead of US inflation, Powell's speech
Here is what you need to know on Wednesday, February 10: The dollar has been extending its decline as markets remain mostly upbeat, awaiting news on s

US inflation figures and a speech by Federal Reserve Chairman Jerome Powell are eyed.US inflation figures for February are of interest amid growing concerns that stimulus would trigger a rise in prices.Jerome Powell, Chairman of the Federal Reserve, is slated to speak about the economy later in the day and may hint about the bank's next moves.Both the headline Consumer Price Index and Core CPI are set to rise by 0.

See US Consumer Price Index January Preview: Can consumer demand spur prices?While the S&P 500 did not reach new highs on Tuesday, equity markets in Asia and Europe are on the rise.

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