Dollar drops to two-month low on cooling U.S. inflation

LONDON/SINGAPORE¬† – The dollar fell to a two-month low on Thursday after data showed U.S. inflation slowed sharply in March, bolstering hopes that the Federal Reserve’s rate-hiking campaign is either already finished or will be by May. Figures released on Wednesday showed that consumer price index (CPI) inflation came it at 5 percent year-on-year in … Continue reading Dollar drops to two-month low on cooling U.S. inflation