Dollar Trades Steady Ahead of U.S. Data, Amid Fed Independence Risks

The dollar was trading steady as investors tread cautiously ahead of U.S. economic data and amid concerns about the Federal Reserve's independence.Delayed November U.S. retail sales and producer prices data will also be released at 8:30 a.m. Eastern time. It follows data Tuesday that showed U.S. inflation held at 2.7% in December as expected.Fed independence remains at risk after the Justice Department opened a criminal investigation into Chair Jerome Powell amid President Donald Trump's repeated criticism ...