Dollar Pulls Back After Strong Start to 2023 Amid Inflation Data, Rising Rate Cut Bets
• The US dollar pulled back this week after the strongest start to a year since 2011
• The dollar's gains face a test with key inflation data being released this week
• Speculators have piled into bets against the dollar, expecting the Fed to cut rates in 2023
• The dollar index retreated 0.2% on Monday, giving up some gains from last week
• Positioning data showed speculative traders increased their dollar shorts to the highest since August