Dollar Loses Ground Against Other Currencies Following Inflation Data By Investing.com – Investing.com
- Date: 14-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Dollar Loses Ground Against Other Currencies Following Inflation Data By Investing.com – Investing.com
By Sam Boughedda
Investing.com — The dollar slide continued Wednesday following consumer price index data that showed a continued rise in prices, increasing market expectations for a potential rate hike.
The inflation rate for September was reported at 0.4%, coming in above the expected 0.3% figure. The rose to 5.4%, again beating expectations of 5.3%.
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