India, March 17 -- The U.S. dollar extended losses against major currencies during the week ended March 14 amidst a larger-than-expected softening in consumer price inflation as well as producer price inflation.
The greenback declined against the euro, the British pound and the Australian dollar, but rebounded against the Japanese yen. The Dollar Index which measures the U.S. Dollar's strength against a basket of 6 currencies declined further from the four-month lows recorded in the previous week. Renewed rate cut expectations from the Federal Reserve and concerns about tariff turbulence suppressing economic growth in the U.S. aided the dollar's decline.
The Dollar Index, a measure of the Dollar's strength against a basket of currencies c...