The US dollar fell to its lowest level since April 2022 as US inflation data fueled expectations that the Federal Reserve would raise interest rates only once this year.
The US dollar index, against a basket of six currencies, fell 0.8% to 99.738, after earlier falling to 99.767, its lowest level in 15 months, according to “Reuters.”
Against the Swiss franc, the US dollar fell to an eight-year low of 0.8583 francs.
US data reinforced the view that inflation is moderate.
