U.S. Dollar Slides As Rate Hike Expectations Fade Due To Rising Oil-Linked Inflation Concerns

India, Aug. 19 -- The U.S. Dollar value edged lower as investors scaled down their expectations of a rate hike by the U.S. Federal Reserve with the Middle East crisis showing no sign of cooling, pushing crude oil prices and oil-linked inflationary concerns higher.

Today, the U.S. Dollar Index DXY which measures the Greenback against a basket of other major currencies was last seen trading at 98.78, down by 0.86 (or 0.86%).

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