Forex – dollar retreats after inflation

© Reuters. – The u.s. dollar was lower Wednesday, while inflation data highlighted the expectation that the federal Reserve will slow the pace of its rate hikes in 2019.

The labour Department said its index of consumer prices was unchanged compared to the previous month, lower compared to the 0.3% increase observed in October. Analysts had anticipated an increase of 0.1%.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.3% to 97,09 at 10: 11 ET (15: 11 GMT).

The dollar has recently been under pressure, while the Fed should slow down the increase of its interest rates next year, despite a {{frl ||expected increase in the rate}} the next week.

At the same time, the pound was on the rise, investors are betting that the first british minister, Theresa May, will survive a vote of confidence. The party May have reached the threshold required to trigger the vote, and it is expected to take place Wednesday evening between 18: 00 and 20: 00 London time (13: 00 ET 15: 00 ET).

The GBP / USD has jumped from 1.2% to 1,2620.

The dollar was slightly down against the japanese yen, with USD / JPY down 0.07% to 113,29. In times of uncertainty, investors tend to invest in the japanese yen, which is considered an active course during periods of risk aversion.

The euro has increased due to the decline in the us dollar, the EUR / USD rose 0.4% to $ 1,1359.

Elsewhere, the NZD / USD lost 0.3 per cent, to settle at 0,6853, while the AUD / USD was up 0.2%, to settle at 0,7219. The canadian dollar has increased with USD / CAD down 0.3% at 1.3351.

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