Dollar continues to fall globally amid U.S. inflation slowdown and rising oil prices

The US dollar experienced a sharp decline following the announcement of US inflation data that was lower than expected, which boosted expectations that interest rates will not be raised soon. The dollar index fell to 100.81 points, its lowest level in two weeks, while the currency weakened against major currencies such as the euro and the British pound. Conversely, some other currencies gained. Concerns about rising oil prices due to geopolitical tensions increased, intensifying the likelihood that inflation will continue to impact the markets. Investors are also awaiting new US economic data amid ongoing challenges posed by inflation and global tensions.

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