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Wednesday, July 15, 2026
HomeBusinessDollar struggles as softer inflation dims Fed hike bets

Dollar struggles as softer inflation dims Fed hike bets

HONG KONG, July 15: The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks. Against the yen, the dollar fetched 162. 08,

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