 Dollar's fleeting post-CPI rally was very short-lived. The greenback quickly reversed its initial gains and has since been trading within a narrow range against other major currencies. Traders appear relatively unfazed by the stronger than expected inflation readings, with markets still pricing in more than 70% chance on Fed cutting interest rate in March. This scenario reveals a pattern where Dollar briefly reacts to upside surprises in economic data, such as the non-farm payroll and CPI data. It seems likely that this trend of transient responses to Dollar-favorable economic indicators might persist for a while, probably through the rest of the month.... | 
