Following the release of data indicating a steeper than anticipated slowdown in inflation, Dollar saw a marked decline last week, securing its position as the week's most significant loser in the currency markets. Concurrently, surge in stocks and tumble in benchmark treasury yields accompanied Dollar's descent. At this juncture, it remains too premature to determine whether Fed will conclude its tightening cycle following this month's anticipated rate hike, or if another increase will be on the horizon within the year. Regardless of the outcome, it is expected that Dollar will continue to face pressure in the short term while investors wait for clarity on inflation and rate outlooks. Elsewhere in the currency markets, Canadian Dollar trailed behind the US counterpart as the second-worst performer for the week. This dip is attributed to speculation that the last week's rate hike might mark the end of BoC's current tightening cycle. Swiss Franc emerged as the champion of the week, outpacing Yen, which has been consolidating its recent gains. The vigorous rally of Franc in European crosses exerted downward pressure on both Euro and Sterling. Meanwhile, New Zealand Dollar put on an impressive performance, securing its place as the second strongest currency for the week. Australian Dollar, on the other hand, delivered a mixed performance, failing to rally alongside its trans-Tasman neighbor. | 