Dollar treads water as Fed hike bets pared on benign US inflation
· economictimes.indiatimes.com
The dollar's advance stalled on Thursday after benign U.S. inflation data emerged. Traders pared back bets for a near-term Federal Reserve interest rate hike. The dollar index remained flat, but was on course for a weekly rise. Money markets reduced the odds of a September rate hike significantly. Other major currencies showed mixed movements against the strengthening dollar.
Live Events
as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now!
(You can now subscribe to our
(You can now subscribe to...