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Dollar languishes near 10-month low, kiwi tumbles after soft inflation

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - The U.S. dollar wallowed near a 10-month low against a basket of major currencies on Tuesday, pressured by uncertainty over the pace of the Federal Reserve's policy tightening while weak New Zealand inflation data knocked the kiwi currency. The dollar's index against a basket of six major currencies sank to a 10-month low of 95.018 on Monday and was last at 95.156 in early Asian trade.From its 14-year peak of 103.82 touched on Jan. 3, it has lost 8.4 percent.Friday's weak reading on U.S. inflation and retail sales fanned speculation that the Fed may not ...

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First Published: Tue, July 18 2017. 06:05 IST
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