Since a peak in late September, the dollar index has declined by more the 8%, with the greenback expected to have diminished appeal with lower yields in assets such as Treasuries as the Fed slows down.
The dollar index, which measures the greenback’s value against six major currencies, was flat at 105.1. Consumer inflation data for November lands on Tuesday and is expected to show a 6.1% rise on a year-on-year basis in the core reading, which excludes food and energy prices, down from 6.3% in October.
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