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US dollar eases as market shrugs off inflation revision data

From nasdaq.com

The dollar eased on Friday as it headed for a fourth week of gains while traders reduced their bets on how quickly the Bank of Japan might raise interest rates and how soon the Federal Reserve will cut them. Traders shrugged off revised U.S. monthly consumer prices thatrose less than initially estimated in December. While underlying inflation remained a bit warm, the mixed picture did not alter the market's outlook on the timing of Fed rate cuts. The annual revisions published by the Labor Department also showed the consumer price index (CPI) increasing slightly more than previously reported in October and November. ... (full story)

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  • Category: Fundamental Analysis