SINGAPORE: The US dollar tumbled to a one-year low against a basket of currencies on Friday (Apr 14) while the euro hit a one-year peak, as traders ramped up expectations of an imminent end to the US Federal Reserve's rate-hike cycle on signs of cooling inflation. Data from the US Labor Department on Thurs
Dollar Loses Steam as Cooling Inflation Raises Fed Pause Expectation usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The U.S. dollar tumbled to a one-year low against a basket of currencies on Friday while the euro hit a one-year peak, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve's rate-hike cycle on signs of cooling inflation. Data from the U.S. Labor Department on Thursday showed the producer price index (PPI) fell by the most in nearly three years last month, coming a day after inflation data pointed to moderation in consumer prices.
SINGAPORE: The US dollar tumbled to a one-year low against a basket of currencies on Friday (Apr 14) while the euro hit a one-year peak, as traders ramped up expectations of an imminent end to the US Federal Reserve's rate-hike cycle on signs of cooling inflation. Data from the US Labor Department on Thurs
Data from the U.S. Labor Department on Thursday showed the producer price index (PPI) fell by the most in nearly three years last month, coming a day after inflation data pointed to moderation in consumer prices.