Dollar licks wounds at 13-month low after Fed inflation view

July 27, 2017 By Hideyuki Sano TOKYO (Reuters) – The dollar licked its wounds at 13-month lows against a basket of major currencies on Thursday after the U.S. Federal Reserve’s more cautious wording on the inflation outlook bolstered views it might not hike interest rates again this year. While the Fed said it expected to start shrinking its massive holdings of bonds “relatively soon”, a phrase taken by many to mean an announcement in September, the central bank also noted weakness in U.S. inflation more explicitly than before. That recognition…

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