DXY Rebounds above 92.0 Level

The U.S. Dollar (USD) returned to the positive territory on Wednesday, after briefly declining following the release of inflation data.

Data by the United States Bureau of Labor Statistics showed that the Core Consumer Price Index (CPI) in February declined to 1.3%, falling to meet market expectation of 1.4%.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.05% at 92.01.

Earlier today, the index rose to a high of 92.24, before briefly falling to a low of 91.80 and then rebounding to restore the 92.00 level.