Dollar Pulls Back From 18-Month High as Treasury Yields Fall
The dollar slipped from an 18-month peak in choppy trading as Treasury yields fell. Cautious Federal Reserve remarks tempered expectations for an October rate hike despite hot inflation data.
The dollar retreated from an 18-month high on Thursday in volatile trading, pressured by a steep decline in Treasury yields. Cautious comments from Federal Reserve officials also eased expectations for an October rate hike, despite hot inflation data.