LONDON/SINGAPORE – The dollar fell slightly on Thursday but remained near three-month highs after a surprise rate hike from the Bank of Canada suggested other central banks, including the Federal Reserve, may have more work to do to combat inflation. The euro was up 0.1 percent at $1.071 early in the European session against the dollar – the most traded currency pair in global markets. That helped push the dollar index, which measures the currency against six major peers, down very slightly to 104.

https://business.inquirer.net/404476/dollar-hovers-near-three-month-highs-as-traders-gauge-rates-outlook

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