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Nov 13 - The U.S. dollar hovered near a fresh 6-1/2-month peak against other major currencies on Wednesday and the Japanese yen fell to its lowest level since July, driven by so-called Trump trades ahead of key U.S. inflation data.
Meanwhile, Republicans inched closer to gaining full control of Congress, which would give the president-elect more power to advance his agenda. Focus on Wednesday will be on a fresh read on U.S. inflation, with the October Consumer Price Index report due at 1330 GMT."Evidence of a pickup in headline inflation amid a steady core CPI-inflation rate might boost the even further across the board," strategists at Unicredit said in a note, adding that signs of disinflation are unlikely to significantly dent the dollar's strength.
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