India, Aug. 17 -- A slew of economic data releases from the U.S. last week dimmed rate hike expectations from the Federal Reserve, limiting the U.S. Dollar's rebound against major currencies.
Global markets tempered expectations of an immediate rate hike by the Federal Reserve amidst in-line consumer price inflation and softer-than-expected producer price inflation in the U.S. An unexpected decline in retail sales also weakened the dollar during the week ended August 14.
During week ended August 14, the U.S. dollar inter alia declined against the euro, the British pound, the Australian dollar and the Canadian dollar. It however rallied against the Japanese yen, the Swiss franc as well as the Swedish krona. As a result, the Dollar Index wh...