The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month.
Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
Article origin: https://www.al-monitor.com/originals/2026/07/dollar-slides-rate-hike-prospects-ease-oil-gains-moderate
Original author: Journalists
