The Dollar Weakens as Investors Weigh Inflation Data The dollar weakened against major currencies on Tuesday as investors assessed the latest inflation data from the United States. The Consumer Price Index (CPI) rose 8.6% year-on-year in May, slightly below expectations but still the highest level in 40 years. The strong inflation reading fueled concerns that …
The Dollar Weakens as Investors Weigh Inflation Data Read More »
The dollar slid to its lowest level in nearly 15 months on Wednesday, as investors questioned whether the Federal Reserve will continue to raise interest rates at the same pace after the July meeting. The U.S. Labor Department reported that consumer prices rose 8.6% in May, below expectations of 8.8%. This was the first time …
Dollar Slides as Weak Inflation Data Raises Questions About Fed’s Rate Hike Path Read More »
The dollar edged lower on Wednesday, while most Asian currencies barely budged as markets looked for more clues on monetary policy from key U.S. inflation data and the Fed’s March meeting minutes due later in the day. A cautionary note on a possible recession from Minneapolis Fed chief Neel Kashkari also weighed on sentiment, although …
Asia FX flat, dollar dips ahead of CPI data, Fed minutes Read More »