Anna 
In Asian trade, both the dollar index and dollar index futures experienced a 0.1% decline, facing headwinds from a resilient yen that put pressure on the greenback.
Investor focus remains on the Personal Consumption Expenditure (PCE) price index data, the Federal Reserve’s preferred inflation gauge, scheduled for release later on Thursday. Expectations are that the data will affirm the persistence of inflationary pressures in January.
The recent narrative from several Federal Reserve officials has emphasized the central bank’s lack of urgency in initiating interest rate cuts, expressing concerns about the stubbornness of inflation. Comments from Fed officials John Williams and Raphael Bostic on Wednesday echoed the sentiment that additional efforts are necessary to meet the Fed’s 2% annual inflation target.
As market participants await the PCE data, the dollar is navigating a complex landscape shaped by inflation dynamics and the evolving stance of the Federal Reserve.
