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Dollar falls amid CPI focus
The dollar remained weak today, Wednesday, as markets awaited new signals regarding the timing of a US interest rate hike. The euro slightly strengthened after European Central Bank President Christine Lagarde clarified that there is no intention to intervene to support the struggling French bond market. The Australian dollar also rose, supported by gains in Asian stocks and strong trade data from China. Investors are now focused on upcoming US consumer price index data and statements from Federal Reserve officials that may clarify expectations for future interest rate moves. The dollar index declined by 0.09% to 102.09 points, while the euro rose to $1.1208, and other currencies like the yen and British pound also increased modestly.
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