
US dollar drifts lower, market consolidates gains post-inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slipped on Wednesday, a day after rising on hotter-than-expected U.S. inflation data, as investors consolidated gains ahead of this week’s economic data that could shed light on when the Federal Reserve might start cutting interest rates this year. In afternoon trading, the dollar index, which measures the…