News Snapshot:
The US dollar’s rally from an eight-month low could be fleeting as the growing view that the Federal Reserve will slow the pace of interest-rate hikes is likely to keep selling pressure on the US currency. The Bloomberg Dollar Spot Index made slight gains on Monday (Tuesday AEDT), but remains down nearly 2 per cent since the start of the year as investors have sold the greenback in droves. Easing US inflation expectations has prompted funds to ditch the ultimate haven asset, triggering a rebound in most major currencies. Traders are now expecting the Fed fund rate to peak at...
