Bitcoin Tests Dollar Strength Before September CPI, Fed Meeting
Photo: TokenPost
Bitcoin faces a test from a stronger U.S. dollar and incoming inflation data before the Federal Reserve’s Oct. 27–28 policy meeting. The U.S. Dollar Index (DXY) closed at 102.43 on Monday, up from 101.45 at the end of September. The index measures the dollar against a basket of major currencies. The Bureau of Labor Statistics is scheduled to release September’s Consumer Price Index on Oct. 14 at 8:30 a.m. ET (12:30 p.m. UTC). The report will arrive less than two weeks before the Fed’s next meeting.
Source: TokenPost
