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The Economic Times
The Economic Times
Business

Dollar languishes as focus turns to CPI, Fed speakers

Richmond Fed US Federal Reserve Interest Rates Euro United States Bonds Oil

The dollar languished on Wednesday as traders awaited fresh signals on the timing for interest rate hikes to contend with persistent inflation.

The greenback weakened from an 18-month high in the previous session as oil prices eased and investors reassessed the AI-fueled rally that has supported demand for US assets. The euro clung to gains as budget concerns in France kept regional bond yields elevated and markets on edge.

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