Dollar retreats as rate hike bets ease - CNBC


7/17/2022 12:00:00 AM3 years 7 months ago
by Reuters

The dollar began the week nudging down from multi-year highs, with a hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi.

The U.S. dollar eased against a basket of currencies on Monday, retreating from the two-decade high hit last week, as traders pared bets on how aggressive the Federal Reserve will be in raising rates… [+2778 chars]

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