The dollar remains weaker across the board...>

DOLLAR: The dollar remains weaker across the board following dovish remarks

overnight from Fed Vice-Chair Clarida that said the Fed should be forward

looking as it would not be prudent to wait until a slowdown before acting. Sharp

falls in USDCNH were also attributed to the move after US Tsy Sec Mnuchin

pointed to plans for top trade envoy Liu He to visit the US later this month for

talks. The DXY eased to 95.32, before basing. Support remains on approach to the

95 level (95.02 - Jan 10 low), below here opens the 200-dma at 94.88, ahead of

the Oct 16 low & 76.4% retracement of 93.81-97.69 at 94.78/73. The weaker USD

theme saw gold move back above $1294, with bulls needing a topside break of the

Jan 4 high at $1298.60, before challenging the $1300 pivot level. US CPI is the

main data highlight today. In November, US CPI was unchanged on the month and

core CPI was at 0.2% m/m. The MNI median anticipates CPI dropping to -0.2% m/m

in December, but core CPI remaining at 0.2%.