The dollar weakened on Wednesday as investors bet that the Federal Reserve will pause its interest rate hiking cycle after soft inflation data
The dollar weakened on Wednesday as investors bet that the Federal Reserve will pause its interest rate hiking cycle after soft inflation data. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 103.25. The euro rose 0.3% to $1.0800, while the British pound gained 0.2% to $1.2615. …