FOREX-Dollar mostly flat as market mulls inflation outlook ...Middle East

The dollar retreated against major currencies on Friday as market speculation continues to swirl about the timing of Federal Reserve interest rate cuts amid signs of cooling yet persistent inflation and a softening U.S. economy. While consumer prices for April, reported on Wednesday, rose less than expected - leading to a risk-on flavor in equity markets - various Fed officials have sounded words of caution about when rates may fall, limiting the dollar's decline this week.

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