US Dollar Slips After Fed Officials Make Case for Slower Hikes

(Bloomberg) — The US dollar is eyeing a fresh low for the year as soft economic data and dovish comments from Federal Reserve officials suggest the central bank may be on the verge of slowing the pace of its rate hikes.

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The Bloomberg Dollar Spot Index dropped as much as 0.3% on Monday, with the euro among the biggest Group-of-10 gainers, as the gauge of the greenback neared its lowest since April last year. Europe’s common currency climbed as much as 0.7% to $1.0927…

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