Economics
Dollar Heads for Weekly Loss as Headline Inflation Seen Slowing
- ‘Myriad factors weighing on the dollar,’ NAB’s Attrill says
- Australia’s currency set for biggest weekly gain since March
Yellen Expects to Begin Winding Fed Down Balance Sheet
This article is for subscribers only.
The dollar headed for a weekly decline before data forecast to show that the U.S. annual inflation rate slowed for a fourth month in June.
The Bloomberg Dollar Spot Index stayed close to the lowest since September as doubts grow over whether President Donald Trump can enact his growth agenda given distractions involving links between his administration and the Russian government. Signs the U.S. economy is losing momentum are adding to speculation the Fed will have to raise interest rates more slowly than it has previously forecast.