A Labour Department report due out today is forecast to show that price rises in the U.S. won't be sufficient to ensure that the Federal Reserve will halt monetary easing.
It's expected that a core measure of U.S. consumer prices, excluding volatile food and energy costs, has likely risen by 2% from a month earlier to February 2013
The stance of the Fed though it seems, is that even if economic indicators improve, there isn't inflation concern as yet in the U.S.
Fed policy makers had said in December that an "exceptionally low" target rate will be appropriate as long as inflation won't be forecast to rise to more than 2.5% and unemployment stays above 6.5%.
The expectation currently then is that the Fed will continue monetary easing persistently, which is weighing on the Dollar.
The Yen lost 0.2% to 125.23 per Euro today and fell 0.1% to 96.18 per Dollar. The Euro for its part rose by 0.1% to $1.3021.
It's expected that a core measure of U.S. consumer prices, excluding volatile food and energy costs, has likely risen by 2% from a month earlier to February 2013
The stance of the Fed though it seems, is that even if economic indicators improve, there isn't inflation concern as yet in the U.S.
Fed policy makers had said in December that an "exceptionally low" target rate will be appropriate as long as inflation won't be forecast to rise to more than 2.5% and unemployment stays above 6.5%.
The expectation currently then is that the Fed will continue monetary easing persistently, which is weighing on the Dollar.
The Yen lost 0.2% to 125.23 per Euro today and fell 0.1% to 96.18 per Dollar. The Euro for its part rose by 0.1% to $1.3021.
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