(CercleFinance.com) The dollar is down -0.25%, the day after a strong upward acceleration of +0.6% to 104.96 on the $-Index (104.75 this evening).

The greenback's decline is very even, with -0.2% against the euro (which is back up to 1.0730), the pound and the Swiss franc; the yen is up +0.3%.

The dollar soared on Tuesday after the publication of the CPI (which came in at 3.9% annualized in core terms), while the probability of the Fed cutting rates for the first time next month plummeted to 8.5% from 76.9% a month earlier, and to 41% for the month of May, according to the CME Fedwatch survey.

In Europe, CVS industrial production rose by 2.6% in the eurozone and the EU between November and December 2023, according to Eurostat, the European Union's statistical office.

Industrial production rose by 20.5% for capital goods and fell by 1.2% for intermediate goods in the eurozone.
As a reminder, in November 2023, industrial production rose by 0.4% in the eurozone and by 0.5% in the EU.

The new estimate of eurozone GDP for the fourth quarter is identical to the initial figure, stagnating at around 0.00%.


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