FOREX-Dollar dips as US inflation meets expectations

The dollar fell on Thursday after data showed that U.S. inflation was in line with economists' expectations in January, easing concerns that price pressures could be seeing a renewed uptick. "The big issue here was that the CPI print did kind of put the fear of god into a lot of traders – there was a lot of concern that underlying pressures could turn out to be hotter than anticipated." The dollar index had hit a three-month high after consumer price inflation data (CPI) released on February 13 showed prices accelerated more than expected in January.