Dollar retreats as sanctions weighed; U.S. inflation dials back Fed view

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Reuters UK

(Adds details, updates prices; changes byline, dateline; previous LONDON) By Chuck Mikolajczak MEW YORK (Reuters) – The U.S. dollar dipped on Friday, a day after notching its biggest one-day percentage gain in more than three months, as investors gauged the latest round of sanctions on Russia and U.S. inflation data was viewed as likely to keep the Federal Reserve from being overly aggressive at its next policy meeting. The greenback on Thursday notched its biggest gain since Nov. 10. However, it gave back some gains after U.S. President Joe Biden hit Russia with a wave of sanctions following …

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