US$ dips on lowered expectations of rate hike
Add BT as a preferred sourceLondon
THE US dollar edged lower against a trade-weighted basket of currencies on Monday after posting its biggest weekly drop in three weeks as expectations of US rate increases dwindled further after weak inflation data.
With Japanese second-quarter growth expanding one per cent quarter on quarter, fuelled by rising consumption and capital expenditure, investors stepped in to buy risky assets after tensions over North Korea.
