The dollar index (DXY00) on Friday fell by -0.01%. The dollar posted modest losses on Friday after US January consumer prices rose less than expected, boosting speculation that the Fed could resume cutting interest rates. Also, a recovery in stocks reduced liquidity demand for the dollar.
US Jan CPI rose +2.4% y/y, weaker than expectations of +2.5% y/y and the smallest pace of increase in 7 months. Jan core CPI rose +2.5% y/y, right on expectations and the smallest pace of increase in 4.75 years.
