Dollar drifts higher, in consolidation mode,

Dollar drifts higher, in consolidation mode,

he dollar edged higher against the euro and other major currencies on Monday  

investors braced for data on U.S. inflation and retail sales this wee

clues on when the Federal Reserve may begin widely anticipated interest rate cuts.

In cryptocurrencies, bitcoin hit $50,000 for the first time since December 2021,

boosted by inflows into exchange traded funds backed by the digital asset.

The dollar index , a measure of the U.S. currency against six of its peers

Tthe market expects the consumer price index (CPI) for January

nfidence that inflation is slowing towards its 2% target.