In today’s trading, the US dollar is getting cheaper against the euro, yen and pound sterling before the publication of December data on inflation in the States.

Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), loses 0.15% during the trades, the broader WSJ Dollar Index – 0.22%.

As of 9:12 Moscow time, the euro/dollar pair is trading at $1.0767, compared to $1.0757 at the close of the previous session.

The value of the U.S. currency paired with the Japanese national currency fell at the same time to 131.60 yen compared to 132.45 yen at the end of previous trading.

The pound-dollar exchange rate rose to $1.2154 by 9:12 Moscow time against $1.2146 the day before.

Today the attention of traders is directed to the report of the U.S. Department of Labor on the dynamics of consumer prices in the country last month. The consensus forecast of experts surveyed by Trading Economics suggests that inflation in the United States will slow down to 6.5% in December from November’s 7.1%. The data will be released at 16:30 Moscow time.

Signals of weakening consumer price growth in the US are in favor of a further slowdown in the pace of monetary policy tightening by the Federal Reserve (Fed).

At the same time, the heads of the US Central Bank are in no hurry to abandon their hawkish stance: earlier this week, Mary Daly, President of the Federal Reserve Bank (FRB) of San Francisco, said in an interview with The Wall Street Journal that, in her opinion, the Fed will have to raise the rate above 5% to achieve its inflation target.

Her counterpart at the FRB Atlanta, Rafael Bostic, also reiterated his earlier view that the rate will be raised above 5%. Currently, its range is 4.25-4.5%.

The dollar exchange rate paired with the yuan fell to 6.7566 yuan by 9:15 Moscow time against 6.7650 yuan at the close of the previous session.

China’s inflation accelerated to 1.8% year-on-year in December from 1.6% in November, following a rise in food prices.