SINGAPORE – The U.S. dollar tumbled to a one-year low against a basket of currencies on Friday while the euro hit a one-year peak, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve's rate-hike cycle on signs of cooling inflation. Data from the U.S. Labor Department on Thursday showed the producer price index (PPI) fell by the most in nearly three years last month, coming a day after inflation data pointed to moderation in consumer prices. The greenback took another leg down on Friday and the U.

https://business.inquirer.net/395906/dollar-slides-to-one-year-low-as-cooling-inflation-raises-fed-pause-expectation

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