Dollar slips after U.S. inflation data

By Rae Wee; Editing by Edwina Gibbs
Published 14:18 PM Wed May 10th ,2023
Dollar slips after U.S. inflation data

SINGAPORE May 10 (Reuters) - The U.S. dollar fell against a basket of currencies on Wednesday after consumer price index data showed inflation has slowed more than expected adding to the likelihood that the Federal Reserve could slow the pace of interest rate hikes. The dollar index which tracks the U.S. currency against six major peers was at 101.30 down 0.32%.

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Dollar slips after U.S. inflation data

Dollar slips after U.S. inflation data

SINGAPORE May 10 (Reuters) - The U.S. dollar fell against a basket of currencies on Wednesday after consumer price index data showed inflation has slowed more than expected adding to the likelihood that the Federal Reserve could slow the pace of interest rate hikes. .