Dollar retreats as rate hike bets ease

On Thursday, Fed governor Waller said he supports another 75-basis-point interest rate increase this month, prompting a paring of bets on a 100-basis-point rate hike which had grown after a Labor Department report on Wednesday showed consumer prices rose at an annual 9.1% pace in June.

Dollar retreats as rate hike bets ease
On Thursday, Fed governor Waller said he supports another 75-basis-point interest rate increase this month, prompting a paring of bets on a 100-basis-point rate hike which had grown after a Labor Department report on Wednesday showed consumer prices rose at an annual 9.1% pace in June.