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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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punchng.com
Dollar weakens as rate fears ease, oil stable
The dollar weakens after US inflation data reduces interest rate hike expectations. Oil prices stabilize despite Strait of Hormuz tensions.
