Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets
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Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets

(Reuters) · Business RecorderRead original ↗

HONG KONG: The dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation ​data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led traders ‌to scale back expectations of an October rate hike.

Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets

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