The dollar remained stable before the release of US data, while the independence of the Federal Reserve faces risks.

The trend of the US dollar remains stable, as investors remain cautious ahead of the release of US economic data and concerns about the independence of the Federal Reserve. The delayed November retail sales and producer price data for the United States will be released at 13:30 Greenwich Mean Time. Data released on Tuesday showed that the US inflation rate in December held steady at 2.7% as expected. As US President Trump continues to criticize Federal Reserve Chairman Jerome Powell's cautious stance on interest rate cuts, the US Department of Justice has launched a criminal investigation into Powell. This has raised concerns about the independence of the Federal Reserve. However, due to opposition from several Republican lawmakers, the impact on the US dollar has been minimal so far. The DXY US dollar index is reported at 99.122.