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CPI inflation reading fails to support USD

3:11 PM January 11, 2019
The US dollar remains on the back foot on the final trading day of the week. Range of dovish remarks from Federal reserve members depressed USD yesterday. Today’s inflation data was viewed as a chance for the greenback to regain its shine. Nevertheless, the release came in line with market expectations causing the US dollar index to move a notch lower. At 02:10 pm GMT the US dollar index trades at 95.04 pts (-0.35%).

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