Dollar Index extends decline as cooling US inflation trims Fed rate hike odds
The US Dollar Index was trading around 99.90 in Asian hours, down for a second straight day as softer US inflation reduced expectations for further Fed rate hikes.
DXY
The US Dollar Index, which measures the greenback against six major currencies, was trading around 99.90 during Asian hours, marking a second consecutive daily decline.
The move comes as cooling US inflation eases the odds of additional Federal Reserve rate hikes, according to the report.
Source: FXStreet Forex News