Dollar Slides Further After US Inflation Surprise

Dollar Slides Further After US Inflation Surprise
U.S. dollar notes are seen in this illustration on Nov. 7, 2016. Dado Ruvic/Illustration/Reuters
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LONDON—The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected U.S. inflation data the previous day.

The dollar index remained on the back foot in European trading hours, slipping 0.2 percent to 105.000, after recording its biggest daily fall in five months, of 1 percent, the previous day.