(RTTNews) – After a strong overnight rally, the US dollar showed a significant pullback during trading on Friday. The US dollar index is currently down just 0.01 point, or less than a tenth of a percent, at 103.87 after hitting more than a month low. , The greenback is trading at 13 .19 yen, up from 133.9 yen in late New York trade on Thursday. Against the euro, the dollar is at $1.069 , compared to $1.067 yesterday. Overnight, the dollar benefited from continued concerns about the outlook for interest rates following this week’s economic data. Reports on consumer and producer price inflation and retail sales raised concerns that the Federal Reserve may raise interest rates higher than currently thought. , Recent comments from Fed officials have added to concerns, with some suggesting the central bank could raise interest rates by another 50 basis points next month. The next pullback to $ , came as Treasury yields fell despite concerns about the outlook for interest rates and the benchmark 10-year fell to its highest level in just over a month. Regarding the US economy, the Labor Department released a report showing a modest decline in US import prices in January. The Labor Department said import prices fell 0.2 percent in January after falling a revised 0.1 percent in December. Economists expected a 0.2 percent fall in import prices compared to a 0. percent increase last month. According to the report, export prices rose 0.8 percent in January after falling an adjusted 3.2 percent in December. The rise surprised economists who had expected a 0.2 percent drop in export prices compared to a 2.6 percent drop last month.

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