Dollar slips as Fed hike cycle nears end; focus on US inflation

News Snapshot:

SINGAPORE, July 11 (Reuters) - The dollar weakened on Tuesday after Federal Reserve officials signalled that the central bank was nearing the end of its tightening cycle, though it traded in a tight range ahead of a key U.S. inflation report. Several Fed officials said on Monday the central bank will likely need to raise interest rates further to bring down still-high inflation, but that the end to its current monetary policy tightening cycle is getting close. The comments knocked the greenback to a two-month low of 101.88 against a basket of currencies in early Asia trade, as traders pared...