News: FOREX-Dollar steadies as Fed cautions on inflation

The U.S. dollar held firm on Monday following last week's bruising dive as Federal Reserve Governor Christopher Waller said that the central bank was not softening its fight against inflation.
A slightly cooler-than-anticipated inflation data on Thursday sent the greenback on a tailspin, with the dollar index =USD sliding 3.6% over two sessions last week, its biggest two-day percentage loss since March 2009.
Global equities soared as investors poured into risky assets on hopes that peaking inflation means less aggressive rate hikes from the Fed.
But Fed's Waller on Sunday said that the inflation print last week was "just one data point" that would have to be followed with other similar readings to show convincingly that inflation is slowing.
Waller, however, did add that the Fed could now start thinking about hiking at a slower pace.
"I think the market got a little bit ahead of itself," said Carol Kong, a currency strategist at Commonwealth Bank of Australia, adding the market will likely get a reality check from Fed officials, helping the dollar to recoup some of its recent losses.
U.S. inflation will likely remain high and keep the Fed on its monetary tightening path, Kong said.
U.S. consumer sentiment fell in November, pulled down by persistent worries about inflation and higher borrowing costs, a survey showed on Friday.
The U.S two-year yield US2YT=RR , which reflects rate move expectations, edged up to 4.41%, after diving as deep as 4.29% on Friday.
Meanwhile, cryptocurrencies remained under pressure from ongoing turmoil in the crypto world after the fall of crypto exchange FTX. FTX's native token, FTT FTT=CCCL , was last down 4% at $1.36, taking its month-to-date losses to nearly 95%.
Bitcoin BTC=BTSP fell about 1% at $16,170. The Japanese yen JPY=EBS weakened 0.24% versus the greenback to 139.12 per dollar, having strengthened 5.4% last week against the dollar. The euro EUR= was last down 0.2% at $1.0331.
Sterling GBP=D3 was last trading at $1.1798, down 0.31% on the day ahead of British Chancellor's Autumn Statement on Thursday where he is expected to set out tax rises and spending cuts.
The dollar index =USD fell 0.094% at 106.610, not far off Friday's low of 106.27.
The offshore Chinese yuan CNH=D3 fell 0.23% versus the greenback to stand at $7.0723 per dollar on the day. The yuan had jumped on Friday after Chinese health authorities eased some of the country's heavy COVID-19 curbs.
On Sunday, Reuters reported that Chinese regulators have told financial institutions to extend more support to property developers to shore up the country's struggling real estate sector.
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	Currency bid prices at 0147 GMT 
 Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
											  Previous				   Change				  
											  Session											
 Euro/Dollar	   EUR=EBS	$1.0328		$1.0347	 -0.18%		 -9.15%	  +1.0368	 +1.0315 
 Dollar/Yen		JPY=EBS	139.1150	   138.7350	+0.28%		 +20.96%	 +139.7300   +138.9200 
 Euro/Yen		 																			 
 Dollar/Swiss	  CHF=EBS	0.9442		 0.9413	  +0.33%		 +3.54%	  +0.9448	 +0.9425 
 Sterling/Dollar   GBP=D3	 1.1792		 1.1835	  -0.39%		 -12.83%	 +1.1852	 +1.1767 
 Dollar/Canadian   CAD=D3	 1.3258		 1.3251	  +0.06%		 +4.87%	  +1.3308	 +1.3240 
 Aussie/Dollar	 AUD=D3	 0.6689		 0.6707	  -0.30%		 -8.01%	  +0.6720	 +0.6668 
 NZ				NZD=D3	 0.6101		 0.6121	  -0.37%		 -10.91%	 +0.6127	 +0.6070 
 Dollar/Dollar																				   
All spots FX= Tokyo spots AFX= Europe spots EFX= Volatilities FXVOL= Tokyo Forex market info from BOJ TKYFX
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World FX rates	https://tmsnrt.rs/2RBWI5E 
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