[MARKET UPDATE] DXY continues to retreat from a 99.00 handle following US CPI; crude benchmarks trickle lower, Brent unchanged on the session (prev. +1%)

The DXY's retreat from the 99.00 handle indicates a reaction to the US CPI data, suggesting market participants may be adjusting their expectations for the dollar in light of potential shifts in monetary policy. Meanwhile, the stability in Brent crude despite the overall softer action in crude benchmarks implies that the market is still weighing supply-demand dynamics carefully in the face of inflationary signals from the CPI release.