Dollar tumbles after cooler-than-expected U.S. inflation data

The dollar fell more than 1 percent on Wednesday following a cooler-than-expected inflation report for July that raised expectations of a less aggressive rate hike cycle than previously anticipated from the U.S. Federal Reserve.U.S. consumer prices did not rise in July as the cost of gasoline plunged, delivering the first notable sign of relief for Americans

Dollar tumbles after cooler-than-expected U.S. inflation data
The dollar fell more than 1 percent on Wednesday following a cooler-than-expected inflation report for July that raised expectations of a less aggressive rate hike cycle than previously anticipated from the U.S. Federal Reserve.U.S. consumer prices did not rise in July as the cost of gasoline plunged, delivering the first notable sign of relief for Americans