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The dollar eased after reaching a near 18-month high Thursday. Markets are trimming expectations for U.S. interest-rate rises ahead of the key U.S. nonfarm payrolls report. Federal Reserve governor Philip Jefferson indicated the central bank may require more time to assess future policy direction.
The dollar index slipped to 101.1 on Wednesday as softer-than-expected inflation reinforced expectations that the Federal Reserve may leave interest rates unchanged in October. The headline PCE price index rose 0.3% mom, while core PCE, excluding food and energy, increased 0.2%. At the same time, consumer spending rema