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Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse | SaltWireSINGAPORE - The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S. inflation data after the big payrolls number last week, and as Treasury yields reached for December highs.
The dollar"can remain supported this week if the U.S. CPI for March remains solid as we expect," analysts at Commonwealth Bank of Australia said. "In the absence of a clear message from the Fedspeak, markets have focused on the optics of recent data, in which three consecutive payroll surprises and two CPI surprises have made it very difficult for investors to discuss a cooler economy and rate cuts," analysts at Morgan Stanley wrote on the weekend.
The dollar's biggest gains this year have been against the two big funding currencies for carry trades, the yen and Swiss franc. Both are down roughly 7% each versus the dollar this year.
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