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Dollar loses steam as cooling inflation raises Fed pause expectation

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Dollar loses steam as cooling inflation raises Fed pause expectation


The U.S. dollar languished near a two-month low against major peers on Friday while the euro flirted with 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…

#usfederalreserve #uslabordepartment #euro #rayattrill #australian #newzealanddollars #newzealand

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