[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.

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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.

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