Tag: dollar retreats
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Dollar retreats from 18-month high despite strong inflation data
NEW YORK/LONDON, Oct 15 : The dollar retreated from an 18-month peak on Thursday as investors looked past strong US inflation and spending data to focus on a shakeout in the securities of AI data center firms.US producer prices rose by the most in 4-1/2 years in September as goods and services costs increas
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US dollar retreats after softer-than-expected inflation data
NEW YORK, Sept 30 : The dollar retreated against major currencies on Wednesday following data showing a smaller-than-expected increase in US inflation, which reduced market bets on an interest rate hike from the Federal Reserve.US Commerce Department data showed that the Personal Consumption Expenditures Pric
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Dollar retreats as oil slumps on pause in Middle East conflict
July 27 : The dollar dropped against other major currencies on Monday, as a pause in U.S. bombing in Iran dragged oil prices lower and lifted risk appetite ahead of a busy week of central bank meetings.Against the yen, the U.S. dollar was down 0.1 per cent at 163.645 yen, on course for its sharpest…
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Dollar retreats as US inflation data eases rate hike expectations
NEW YORK, June 25 : The dollar was set to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation softened expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expenditures pric
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