FOREX-Fed rhetoric restrains dollar as traders eye inflation
FOREX-Fed rhetoric restrains dollar as traders eye inflation Reuters 3 hrs ago By Tom Westbrook * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, May 12 (Reuters) - The U.S. dollar hovered near its lowest levels of the year on Wednesday as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. Analysts forecast figures due at 1230 GMT to show a 3.6% lift in year-on-year prices, boosted by last April's low base. The month-on-...