US dollar squashed after lower than expected revised CPI data

The US Dollar is softer after weaker US CPI revisions, with the Dollar Index failing to close above the 100-day Simple Moving Average (SMA) and could slide back below 104.

The S&P 500 briefly hit 5,000 after the opening of the trading session, with some risk on creeping in. The landslide victory of former US President Donald Trump in Nevada and the Virgin Islands gives him a comfortable lead already early in the Primaries.

The interview of former Fox news reporter Tucker Carlson with Russian President Vladimir Putin suggests that Putin is not interested in invading the West, only Ukraine. The Senate is advancing aid for Ukraine and Israel, detaching the US Border Deal from the bill. Equity markets are in the green territory, with the benchmark 10-year US Treasury Note trading near 4.18%.

On the economic front, there is no economic data to report except for the publication of the revision of the Consumer Price Index (CPI) weightings and results.
The Bureau of Labour Statistics (BLS) has revised seasonal adjustment factors annually, resulting in lower inflation numbers in December.

The US Dollar is showing fatigue after moving away from the 200-day Simple Moving Average (SMA) near 103.61, potentially causing it to fall back to the SMA for support.