Dollar dips from 18-month peak
The US dollar retreated from its 18-month high despite rising American inflation indicators that exceeded expectations. This came amid declining Treasury bond yields and cautious statements from Federal Reserve officials, which reduced the likelihood of interest rate hikes this month. The dollar index fell by 0.1% to 102.06 points, while the euro rose to $1.1187 and the British pound increased to $1.3224. Data showed the core consumer price index increased by 0.3% in September, with the annual inflation rate reaching 3.7%. Additionally, the ten-year Treasury bond yield dropped to 5.1267%, its lowest in three weeks.
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