The dollar's advance stalled on Thursday after benign U.S. inflation data emerged. Traders pared back bets for a near-term Federal Reserve interest rate hike. The dollar index remained flat, but was on course for a weekly rise. Money markets reduced the odds of a September rate hike significantly. Other major currencies showed mixed movements against the strengthening dollar.
The dollar's advance stalled on Thursday after benign U.S. inflation data emerged. Traders pared back bets for a near-term Federal Reserve interest rate hike. The dollar index remained flat, but was on course for a weekly rise. Money markets reduced the odds of a September rate hike significantly. Other major currencies showed mixed movements against the strengthening dollar.
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