US inflation data showed figures generally in line with expectations. The consumer price index rose 0.4% in February, matching the market consensus. In January it had climbed 0.3%. The annual rate of the CPI went from 1.4% to 1.7%, the highest level since February 2020.
The underlying rate rose 0.1%, below the expected increase of 0.2%. Compared to twelve months ago, the index rose 1.3%, lower than the 1.4% expected and that of January.
The dollar it fell back after the report and Wall Street futures rose. The decline was driven by the impact the data had on falling Treasury yields, weakening the dollar on all fronts and boosting gold and silver.
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