💨 Abstract

The dollar retreated from a tariff-driven rally on Wednesday, with investors awaiting U.S. inflation data and trade news. The yen weakened against the dollar due to higher U.S. yields, but other currencies showed modest losses. CPI is expected to slightly increase for January, which may cause some nervousness among dollar speculators. The Canadian dollar remained strong, despite U.S. tariffs on steel and aluminum imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖