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Dollar set for weekly drop as traders cut wagers on rate hikes
The dollar held steady on Friday, facing a weekly decline after softer U.S. inflation data. Traders reduced bets on imminent Federal Reserve rate hikes following the inflation report. Escalating Middle East attacks spurred safe haven bids for the dollar and boosted oil prices. The euro and sterling were set for weekly gains against the U.S. dollar. Investor attention will focus on a speech from U.S. President Donald Trump.
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al-monitor.com
Dollar slides as rate hike prospects ease, oil gains moderate
The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month. Earlier Tuesday, the market saw a roughly 40 percent…
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channelnewsasia.com
Dollar struggles as softer inflation dims Fed hike bets
HONG KONG, July 15 : The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal…
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Dollar stabilises above one-month low as traders focus on inflation risks
HONG KONG, July 16 : The U.S. dollar stabilised on Thursday after touching a one-month low, as soft inflation data reinforced bets that the Federal Reserve will hold off on hiking…
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Dollar near one-month low as cooling inflation curbs Fed hike bets
HONG KONG, July 16 : The U.S. dollar hovered near a one-month low on Thursday, as soft inflation data reinforced bets that the Federal Reserve can stay patient on interest rate…
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economictimes.indiatimes.com
Dollar set for weekly drop as traders cut wagers on rate hikes
The dollar held steady on Friday, facing a weekly decline after softer U.S. inflation data. Traders reduced bets on imminent Federal Reserve rate hikes following the inflation…