LONDON (Thomson Financial) – The dollar weakened as market players were reassured by yesterday’s minutes to the US Federal Reserve’s last meeting that the central bank still has room for more interest rate cuts, despite the current high inflation environment. US data yesterday had shown a faster-than-expected rise in CPI inflation in January, which had initially raised fears that the Fed will not be able to keep easing monetary policy as aggressively as markets hope due to rising price pressures. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
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