MW: Dollar dips further after consumer prices data
The dollar fell further in early New York trade Friday, after the Labor Department said inflation fell 0.7% in December, marking the smallest annual gain in 54 years. Economists surveyed by MarketWatch expected the consumer price index to drop -0.8% last month. Core prices, , which measures the greenback against a basket of six major currencies, stood at 83.571, down from 83.861 in early trade, and from 84.556 in North American activity late Thursday. The greenback was already under pressure as risk-aversion trades receded following Washington's latest rescue plan for banks. A report at 10 a.m. Eastern time is expected to show consumer sentiment slid further in January.
