Dollar firm as inflation test looms

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Dollar firm as inflation test looms

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SYDNEY – The dollar started the week with support as traders bet U.S. inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates.

After dipping on Friday, the greenback stood around its 200-day moving average against the euro at $1.1357 in early Asia trade on Monday. It firmed slightly on the yen to 115.65, fairly close to last week’s five-year high of 116.35 per dollar.

Trade in the Asia session was thinned by a holiday in Japan.

HOW INFLATION WILL IMPACT YOUR 2022 TAXES

Federal Reserve chair Jerome Powell and governor Lael Brainard testify before Senate committees this week regarding their nominations as chair and deputy chair at the Fed.

U.S. inflation figures are due on Wednesday, with headline CPI seen climbing to a red-hot 7% year-on-year.

The dollar started the week with support as traders bet

Dollar Tree doubles down on pricing items over $1

Evercore ISI Senior managing director Mark Mahaney discusses his outlook for the stock market.

After 35 years, Dollar Tree has announced it will begin charging $1.25 for the majority of its products at all of its locations nationwide by the end of April.

NORDSTROM STORE IN LOS ANGELES SEES ‘SMASH AND GRAB’ ATTACK BY 20 LOOTERS: REPORT

The discount retailer says the move to $1.25 will allow it to “materially expand its offerings, introduce new products and sizes, and provide families with more of their daily essentials.” Additionally, the company emphasizes that it will be able to reintroduce items that were previously discontinued due to the constraints of the $1 price point.

“Lifting the $1 constraint represents a monumental step for our organization and we are enthusiastic about the opportunity to meaningfully improve our shoppers’ experience and unlock value for our stakeholders,” Dollar Tree president and CEO Michael Witynski said

Billionaire ‘Bond King’ Jeff Gundlach mentioned bitcoin could tumble 27% from existing ranges and warned the dollar may perhaps be ‘doomed’ in a current interview. Here are his 10 greatest quotations.

Billionaire trader and “Bond King” Jeff Gundlach reported inflation of now reminds him of the 1970’s, warned that the dollar might be doomed in the long expression, and claimed that bitcoin’s chart appears to be “frightening” in a Thursday CNBC job interview.

Listed here are the DoubleLine Funds founder’s 10 most effective offers.

1. “The chart on bitcoin appears fairly scary….I have a emotion you’re likely to be able to invest in it below 23,000 again. Bitcoin has truly missing its steam.”

2. “I imagine it is only a trading car or truck. I have never been very long bitcoin personally. I’ve never ever been small Bitcoin. It is really just not for me. I don’t have that variety of chance tolerance in my DNA exactly where I have to get nervous to pull up the quote each and every working day to see