Dollar Retreats on Williams' Comments Ahead of US Inflation Data
The US dollar retreated on Wednesday after New York Fed President John Williams' comments tempered rate-hike bets ahead of crucial inflation data.
The greenback fell 0.2% to 101.22, but remains on track for a 2% advance against the yen in September and its strongest overall monthly performance since June.
This is underpinned by surging Treasury yields and persistent geopolitical tension in energy markets.