Dollar edged higher on upbeat inflation data
May 25 2015
The greenback edged
higher against the yen and a basket of major currencies after the release of
upbeat US
inflation data which supported the Fed rate hike later this year. In fact, the
increasing CPI data has indicated that inflation has finally reached the target of the Fed. On the other hand, the
U.S Dollar was also supported by Yellen speech due on last Friday, in which she
expected a Fed hike during this year if the economy improves.
