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Dollar eases, stocks climb amid benign U.S.inflation

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - The U.S. dollar eased on Friday while an index of world stock markets gained and was poised for its best week since early March, as moderate inflation eased worries about a faster pace of U.S. interest rate hikes and boosted risk appetite.The dollar fell for a third day against a basket of major currencies as traders booked recent gains, which were tied to widening interest rate gaps in favour of the United States and signs of slower growth elsewhere in the world.Gold was set for its first weekly gain in four weeks after soft U.S. inflation data on Thursday ...

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First Published: Sat, May 12 2018. 00:55 IST
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