TODAY'S MARKET INTELLIGENCE
US Inflation Cooling Lowers Rate Hike Expectations, Dollar Index Continues to Weaken
English summary
The dollar index fell to around 98.75 in the Asian session on Friday as soft US inflation data led investors to reduce expectations for an immediate Fed rate hike. Rising energy prices provide some support for the dollar, but the short-term technical outlook remains bearish.
The English text is machine translated and may require verification against the Chinese version.
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