U.S. Dollar Slips As Easing Crude Oil Prices Lower Fed Rate Hike Expectations

India, July 28 -- The U.S. Dollar value ticked lower amid easing inflationary pressures and the softening of crude oil prices due to the ongoing halt in the U.S.-Iran exchange of attacks which restricted the chances of a rate hike in the U.S.

The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 101.41, down by 0.11 (or 0.11%) today.

Today in the U.S., the data released by the Automatic Data Processing revealed that the weekly employment change decreased to 15,000 in July from 16,500 of the previous week.

For comments and feedback contact: [e-mail]

Published by HT Digital Content Services with permission from RTT News....