Thursday, 16 July 2026 · World
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Dollar near one-month low as cooling inflation curbs Fed hike bets

Markets-Economic Times · 2h ago · 🇮🇳 India
Dollar near one-month low as cooling inflation curbs Fed hike bets

The U.S. dollar weakened near a one-month low on Thursday. Soft inflation data reinforced expectations of a patient Federal Reserve policy. Escalation in Middle East hostilities added upside risk to inflation outlook. Oil prices remained near one-month highs due to regional energy export threats. The U.S. dollar index hovered near its lowest level since June.

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