FOREX-Dollar extends fall after inflation data knock ...Middle East

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FOREX-Dollar extends fall after inflation data knock
source : Devdiscourse ( Middle East ) () 38
The dollar fell across the board for a second straight day on Friday, as investors favoured riskier currencies following signs U.S. inflation is cooling that boosted the case for the Federal Reserve to ease off its hefty interest rate hikes. Friday's dollar weakness was an extension of the move set off after Thursday's data showed U.S. consumer inflation rose 7.7% year-on-year in October, its slowest rate since January and below forecasts for 8%.

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