LONDON/NEW YORK, July 17 : The dollar was flat on Friday, on track for a weekly decline as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve. Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled last mon

The dollar weakens after US inflation data reduces interest rate hike expectations. Oil prices stabilize despite Strait of Hormuz tensions.

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…