Dollar steadies as Fed cautions on inflation

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Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar held firm on Monday following last week’s bruising dive as Federal Reserve Governor Christopher Waller said that the central bank was not softening its fight against inflation. A slightly cooler-than-anticipated inflation data on Thursday sent the greenback on a tailspin, with the dollar index sliding 3.6% over two sessions last week, its biggest two-day percentage loss since March 2009. Global equities soared as investors poured into risky assets on hopes that peaking inflation means less aggressive rate hikes from the Fed. But Fed’s Wal…

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