Dollar retreats as Fed pause eyed; U.S. debt deal clears House

SINGAPORE, June 1 (Reuters) – The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets that the Federal Reserve will raise interest rates this month, though the looming debt ceiling deadline gave safe haven support to the greenback. A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with the focus now on how it will fare in the Democratic-led Senate just days before the federal government is expected to run out of money to pay its bills. The dollar was mixed in Asia trade…