TODAY'S MARKET INTELLIGENCE
US Inflation Cooling Lowers Rate Hike Expectations, Dollar Index Continues to Weaken
English summary
Cooling US inflation data reduced expectations for near-term Fed rate hikes, pushing the dollar index down to around 98.80 in Asian trading on Friday. Rising oil prices revived inflation risks, providing some support for the dollar. Technically, the dollar index remains bearish in the short term, with resistance at 99.16-99.22.
The English text is machine translated and may require verification against the Chinese version.
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