US Dollar Slips as Rate Bets Cool and Global Risk Fears Ease
The US dollar eased from a six-month high on Tuesday as stronger-than-expected labour market data reinforced the view that the Federal Reserve may keep policy restrictive, but also prompted investors to reassess how far the greenback can run. With markets now focused on the next consumer price index reading, traders are weighing whether inflation will confirm or challenge the case for higher-for-longer US rates.
