Dollar Retreats From 18-Month High as Bond Rally Tempers Inflation Impact
The dollar retreated from an 18-month peak as investors focused on a shakeout in AI data center securities. U.S. producer prices rose by the most in 4½ years in September.
By Laura MatthewsThe dollar retreated from an 18-month peak on Thursday as investors looked past strong US inflation and spending data to focus on a shakeout in the securities of AI data center firms.US producer prices rose by the most in 4-1/2 years in September as goods and services costs increas…