Dollar Retreats From 18-Month High as Oil Prices Fall
The dollar slipped from an 18-month high as oil prices retreated, while investors reassessed the rally in U.S. assets and awaited fresh clues on the Federal Reserve’s rate path.
The dollar moved lower on Tuesday after reaching an 18-month high, as oil prices pulled back and investors reconsidered the AI-driven rally that has boosted demand for US assets this year. They were also waiting for new indications of the Federal Reserve’s interest rate path. “The dollar is retreating as skepticism…