Dollar treads water as Fed hike bets pared on benign US inflation
TOKYO: The dollar’s advance stalled on Thursday after an overall benign US inflation reading overnight spurred traders to pare back bets for a near-term Federal Reserve interest rate hike. The greenback was little changed against the yen as of Asia’s midday, but remained on course to gain about 1% this week as markets bought back the currency pair following recent joint US-Japan intervention that…
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