Dollar retreats from 18-month peaks despite US inflation surprise
UKPulse Money Desk
The US dollar has slipped from its 18-month high, reportedly due to Federal Reserve caution, even as US consumer price index (CPI) data showed an unexpected increase.
- The dollar has retreated from 18-month peaks.
- This retreat occurred despite 'hot' US CPI data.
- Federal Reserve caution is cited as a factor in the dollar's slip.
The US dollar has reportedly retreated from its highest levels in 18 months. This movement comes despite recent US Consumer Price Index (CPI) data indicating an unexpected rise in inflation.
The dollar's slip is attributed to caution from the Federal Reserve, which appears to be muffling the impact of the inflation surprise.