The dollar fell slightly as investors weigh a bigger-than-expected downward revision to U.S. jobs data and await inflation figures.
The Bureau of Labor Statistics on Tuesday said the economy added 911,000 fewer jobs than previously estimated in the year to March.
However, the data are backward-looking and didn’t offer any new insights to justify a major increase in expectations of U.S. interest-rate cuts, Commerzbank’s Antje Praefcke said in a note.
What matters now is whether upcoming price data show the first signs of tariffs having an effect, she said.
U.S. producer prices data are due at 7:30 a.m. Eastern time and consumer prices data are due the same time Thursday. The DXY dollar index fell 0.1% to 97.762.
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