The dollar is slightly declining against the euro and is recovering against the yen after a sharp fall against almost all world currencies the day before, caused by data on a significant weakening of inflation in the US.

As it became known on Thursday, consumer prices (CPI index) in the US rose by 7.7% in October compared to the same month last year after rising by 8.2% in September. Thus, inflation has slowed to a minimum since January and turned out to be significantly lower than market forecasts.

The data could influence the policy of the US Federal Reserve System (FRS), which is aggressively raising interest rates in an attempt to curb inflation. The head of the Federal Reserve Bank (FRB) of Philadelphia, Patrick Harker, has already spoken in favor of slowing down further rate hikes.

“Over the coming months, in light of the cumulative tightening that has already been achieved, I expect the pace of rate hikes to slow down as we get closer to fairly restrictive policies,” Harker said during a speech at an event in Philadelphia.

Today, the euro rose against the dollar by 0.11% – up to $1.0220 against $1.0209 at the close of the session on Thursday.

The dollar rose 0.46% against the yen to 141.63 yen compared to 140.98 yen at the end of the last session.

The pound fell 0.04% to $1.1711 compared to $1.1716 at the close of previous trading.

The yuan has updated a maximum of four weeks. The dollar fell 1.26% to 7.10961 yuan per $1 against 7.1865 yuan at the close on Thursday.

The Australian dollar is up 0.39% to $0.6645 against $0.6619 at Thursday’s close. Earlier, it hit a seven-week high of $0.67, despite the statements of the Deputy head of the Central Bank of Australia, Michelle Bullock, that the interest rate in the country is likely to continue to rise.

The ICE-calculated index, which shows the dynamics of the US dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), is down 0.25%. On the eve of the indicator collapsed by 2%.