Dollar stabilized against most major rivals on Thursday following US inflation data.

 

The data showed consumer prices rose 3.9% y/y in December, down from 4% in November, but above estimates of 3.8%.

 

On a monthly basis, prices rose 0.3% in December, above estimates of 0.2%, while core prices rose 0.3%. 

 

The US corporate earnings season is starting this week, with several major banks such as Wells Fargo, Bank of America, and JPMorgan releasing results on Friday.

 

On trading, the dollar index rose 0.1% to 102.4, as of 20:44 GMT, with a session-high at 102.7, and a low at 102.1. 

 

Aussie 

 

AUD/USD fell 0.1% to 0.669 as of 21:34 GMT.

 

Loonie

 

The Canadian dollar fell 0.1% against its US counterpart to 0.7466. 

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