Dollar Little Changed after CPI
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The dollar index remained steady around 97, experiencing a fourth consecutive session of little movement after softer inflation data. The annual inflation rate decreased to 2.4% in the last month, below expectations, while monthly inflation eased to 0.2%. Markets anticipate the Federal Reserve to hold rates in March and implement two rate cuts later this year. The dollar is expected to decline over 2% against the yen, influenced by Japan's political developments, while the Australian dollar gained strength due to hawkish signals from its central bank.
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