The dollar started the week on a firm footing, with investors looking toward a flurry of economic data releases this week, including the key U.S. consumer inflation number that will factor into the Fed’s decision on tapering of stimulus. The DXY dollar index, which measures the currency against six major rivals, rose 0.20 points to 92.78, hitting a two-week high, as of 4:55 a.m. New York time. Market expectations around a quicker timeline for the Federal Reserve to begin paring its massive bond-buying program are a likely factor buoying the greenback. “The U.S. dollar’s recent rebound has coincided with more hawkish comments from Fed Presidents,” FX analysts at MUFG said in a note. A number of U.S. economic data releases are due out this week, including a small business activity survey from the National Federation of Independent Business (NFIB) and the closely watched consumer price index (CPI) inflation figure, which will …
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