The greenback rate has peaked vs the majors driven by higher-than-expected inflation in the USA.
According to the report of the Labor Department, the annual rate moved up to 2.1% in January and core rate – 1.8%. The consumer price increased 0.5% m-o-m and core level – 0.2%.
US futures slumped after the release report brought back concerns about probable early upward revision of interest rate by the Federal Reserve.
Another report about retail sales showed a 0.3% decline over the period under review (0.4% up in December).
The US Dollar index rebounded to some 89.93.
The European currency weakened vs the greenback. As a result, EUR-USD was seen at 1.2293. Earlier, the rate reached a weekly peak at 1.2393. At the same time, the US dollar failed to improve vs the yen staying slack at 107.46 in USD-JPY – the multimonth minimum was hit at 106.84 tonight on expectations of the inflation report. The yen, in its turn, makes use of Japan's trade balance surplus being more flexible against currencies of the countries with balance deficit.
GBP-USD dropped 0.62% to 1.3802.