The U.S. dollar languished at multi-week lows versus major peers on Thursday as traders ramped up bets for the Federal Reserve to resume reducing interest rates next month. The greenback fared worst against the yen after U.

The dollar fell to a two-week low today after a tame reading on US inflation bolstered expectations of a Federal Reserve rate cut next month, with

If long-term Treasury yields stay elevated as the Fed resumes its monetary policy easing this year, higher consumer interest rates may persist at a time when credit delinquencies are rising.