Dollar edges up ahead of CPI, trade news; yen slips

October 23, 2025

The dollar is trading higher against major currencies. Traders are awaiting U.S. consumer inflation data. Tariff threats between Washington and Beijing are also being considered. The yen has weakened due to expectations of a stimulus package from Japan’s new Prime Minister. Sterling is under pressure after British inflation data remained steady. Markets are anticipating interest rate cuts from the U.S.

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