Dollar strengthened ahead of inflation data

On Wednesday, before the release of data on inflation in the US, which is scheduled for Thursday, the strengthening of the US currency was noted.

Due to the fact that rapidly rising prices are likely to continue the Fed's aggressive tightening policy, investors' close attention is turned towards the publication of inflation indicators in the United States, which will be presented later on Thursday.

The expectations of economists surveyed by the Reuters news agency are associated with an annual increase in the core consumer price index to 8% in October.

As Ray Attrill said, the head of foreign exchange strategy at the National Bank of Australia (NAB), until Wednesday, the market showed readiness for lower-than-expected indicators, which, according to the strategist, are quite risky, taking into account unexpected increases in five of the last six months.

The US currency has fallen slightly over the past few weeks due to hopes that the Federal Reserve may reduce interest rate hikes as early as December.