The U.S. dollar fell in the Asian session on Friday, and after rebounding smartly on data showing an acceleration in the pace of consumer price growth in the U.S., retreated amid speculation the Fed might slow down the pace of interest rate hikes in the coming months.
Data from the Commerce Department showed the annual rate of growth by the personal consumption expenditures price index accelerated to 6.8% in June from 6.3% in May, showing the fastest growth since January 1982.
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