Daily market commentary: The US dollar hedges up as inflation fears continue to dominate the sentiment of investors

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Daily Market Commentary" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>With US inflation figures due to be released on Friday, investors are likely to continue to back the greenback in the runup to the publication of the <a target="_blank" href="https://www.leaprate.com/forex/market-news/daily-market-commentary-brent-prices-hedge-up-modestly-as-the-impact-of-the-eu-sanctions-on-russian-oil-is-fizzling-out/" rel="noopener">numbers</a>, as any bets against it could end up proving costly.</p>
<p><img class="alignnone size-full wp-image-445447" src="https://www.leaprate.com/wp-content/uploads/2022/06/usdind20.png" alt="" width="1342" height="687" srcset="https://www.leaprate.com/wp-content/uploads/2022/06/usdind20.png 1342w, https://www.leaprate.com/wp-content/uploads/2022/06/usdind20-250×128.png 250w, https://www.leaprate.com/wp-content/uploads/2022/06/usdind20-700×358.png 700w, https://www.leaprate.com/wp-content/uploads/2022/06/usdind20-768×393.png 768w, https://www.leaprate.com/wp-content/uploads/2022/06/usdind20-120×61.png 120w, https://www.leaprate.com/wp-content/uploads/2022/06/usdind20-245×125.png 245w, https://www.leaprate.com/wp-content/uploads/2022/06/usdind20-500×256.png 500w" sizes="(max-width: 1342px) 100vw, 1342px" /></p>
<p><em>Ricardo Evangelista – Senior Analyst, ActivTrades</em></p>
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<p><em>Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading advice.</em></p>
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<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/daily-market-commentary-the-us-dollar-hedges-up-as-inflation-fears-continue-to-dominate-the-sentiment-of-investors/">Daily market commentary: The US dollar hedges up as inflation fears continue to dominate the sentiment of investors</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>