U S Consumer Price Index

Bitcoin recovered above $83,000 after briefly slipping below $81,000, diverging from a sharp selloff in Korean chip stocks and softer Nasdaq futures. Traders are watching Thursday’s U.S. CPI report as oil strength and inflation concerns keep risk appetite fragile.

USD/INR has moved back into higher territory as global sentiment turns cautious before U.S. Consumer Price Index data and next Wednesday’s Fed FOMC decision. Traders are watching whether the pair can hold the 95.2000 area as low liquidity raises the risk of sharp short-term swings.

USD/MXN is trading near lower territory last seen in June 2024 after a sharp late-week selling move against the dollar. Thin Labor Day conditions may distort price action before institutions return and focus turns to CPI data and the Fed’s FOMC decision.