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The US Dollar traded flat today after inflation data showed headline CPI below expectations at 2.4 percent year-over-year, while core CPI met forecasts. This has increased the likelihood of a third interest rate cut this year, with the first expected in June and the second in September. The British Pound gained against the Dollar as traders reduced risk ahead of key employment and inflation data next week, with the Bank of England expected to hold rates at 3.75 percent but potentially cutting by 25 basis points in March. Meanwhile, the Swiss Franc strengthened against the Dollar following CPI data that highlighted ongoing risks of negative inflation, leaving the Swiss National Bank open to potential intervention.