India, Feb. 17 -- The U.S. dollar declined against major currencies during the week ended February 13 amidst a softening in consumer price inflation that renewed expectations of monetary easing by the Federal Reserve. The strong payrolls data as well as the yen's strength in the wake of Japanese Prime Minister Sanae Takaichi's landslide election victory however limited the greenback's losses.
The U.S. dollar inter alia declined against the euro, the British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swedish krona as well as the Swiss franc. As a result, the Dollar Index which measures the Dollar's strength against a basket of 6 currencies also dropped more than half a percent.
During the past week, the Dollar...