Reuters: Dollar eases as US inflation data keeps rate hike at bay

“Underlying inflation avoided a widely feared acceleration last month, suggesting that soaring energy prices are not—yet—feeding into the core measures targeted by the ​Federal Reserve," said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto … "Traders are positioning for a more neutral statement ​from officials at next week’s meeting, and are modestly lowering expectations for a rate hike by year-end," Schamotta said.

Read the article here.