The US dollar changed its value direction in trading yesterday Tuesday when it began to show a decline following a change in current market sentiment.
The slightly easing tariff war situation has reduced risk in the market and reduced the appeal of the US dollar as a safe-haven currency in a risk-on market sentiment.
The latest development in policy in the United States (US) that is in the spotlight is the executive order signed by President Donald Trump directing the US Department of Justice to stop enforcing foreign bribery laws.
The 50-year-old law prevents US companies from bribing politicians from other countries to attract business into their country.
This means that US companies are now free to do so to get more business cooperation from foreign countries.
According to Trump, he sees the outdated law as giving weakness to companies in his country compared to other competing countries.
Therefore, he wants to provide new guidance for foreign bribery laws to stop US companies from bribing officials of other countries by creating a fairer business environment.
Market focus today (Wednesday) will be on the US (US) inflation data report which will be a new guide for the Federal Reserve (Fed).
The forecast for the US consumer price index (CPI) figure for January is unchanged at 2.9% as recorded in the previous increase.
Fed Chairman Jerome Powell in his speech when presenting the semi-annual monetary policy report to Congress yesterday maintained the same tone as before, namely that the central bank is in no hurry to lower interest rates.
After the NFP employment report was examined at the end of last week, the next indicator is the CPI data to be published in the New York session tonight.
Investors will be cautiously expecting a major impact on the movement of the US dollar due to the reaction of the published data.
