Dollar Rises From 9-Month Low as U.S. Data Blur the Fed Outlook
- Bloomberg gauge of the greenback rebounds most in three weeks
- Retail sales and wholesale prices unexpectedly fell in March
This article is for subscribers only.
The dollar rose the most in three weeks on Wednesday as traders weighed economic reports for indications that the Federal Reserve may raise interest rates this year.
The greenback advanced from a nine-month low versus 10 major peers even as economic reports showed retail sales and wholesale prices unexpectedly slumped last month, casting doubt on both the strength of consumer demand and nascent inflation. The dollar has fallen more than 9 percent against the yen this year.