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Dollar hit as year-end U.S. rate hike bets cool after weak data

Reuters  |  NEW YORK 

By Saqib Iqbal AhmedNEW YORK (Reuters) - The dollar fell against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about U.S. economic growth and whether the Federal Reserve would raise interest rates again in 2017.U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand. Economists had forecast the CPI edging up 0.1 percent last month. Its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed ...

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First Published: Sat, July 15 2017. 00:54 IST
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