The US dollar edged lower against major currencies today as risk appetite recovered across markets, after Federal Reserve officials helped calm jitters this week about accelerating US inflation. — Reuters picLONDON, May 14 — The US dollar edged lower against major currencies today as risk appetite recovered across markets, after Federal Reserve officials helped calm jitters this week about accelerating US inflation.
A slew of more US data is due later on Friday, including retail sales and industrial production, likely to give further clues about the extent of the economic recovery.Ulrich Leuchtmann, head of FX and commodity research at Commerzbank, said in a note he believed US inflation fears had led to the single currency being undervalued.
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