MARKET NEWS
Dollar ends session weaker as inflation eases; yen firms on BOJ talk - REUTERS
Summary
- Dollar weaker after CPI print
- Yen appreciates on rising prospect of BOJ hike
- British inflation unexpectedly slows, boosting sterling
- China's yuan holds close to daily downside limit
NEW YORK, Jan 15 (Reuters) - The dollar pared some losses against major peers on Wednesday but stayed weaker as cooler-than-expected data eased fears that inflation was accelerating and increased the chances the Federal Reserve could cut interest rates twice this year.
The Bureau of Labor Statistics showed consumer prices rose 2.9% in the 12 months through December, in line with economists' expectations. Core inflation, which excludes food and energy prices, came in as expected, but lower than the previous month.
