The dollar is falling against the euro on the eve of release of data that may show that the process of slowing down high inflation in the U.S. has stopped, according to trading data. The euro-dollar exchange rate is rising to $1.1048 from the previous close of $1.1017.

The dollar-yen exchange rate, meanwhile, rose to 135.04 yen from 134.83 yen. And the dollar index (the exchange rate against a basket of currencies of six U.S. trading partners) was down 0.15% to 101.06 points.

One of the main events for investors in the coming days may be the data on consumer prices in the USA to be published on Wednesday. Analysts believe that the annual inflation rate in the country by the end of April remained at 5%, as it was registered a month earlier.

Among other things, inflation data are important for the U.S. Federal Reserve to decide on monetary policy. According to the CME Group, 91.5% of analysts believe the regulator will keep the discount rate at 5-5.25% at the end of the next meeting.

An increase in the discount rate is positive for the dollar, while a decrease is negative. But inflation itself and its dynamics are inversely proportional to the strengthening or weakening of the national currency.

Earlier, we reported that the dollar is rising against world currencies after the release of statistics from the U.S.