Dollar tumbles on cooler-than-expected US inflation

Slowing US inflation confirms view that Fed is done with hikes. Aussie and kiwi gain the most on bolstering risk sentiment. Pound pulls slightly back on lower-than-expected UK inflation. Wall Street rallies as investors cheer US inflation data.

Yen falls to lowest levels in a year as stock markets soar. Dollar mostly ignores Moody’s credit outlook downgrade. Gold nurses losses, waiting for tomorrow’s US inflation stats.

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