Dollar Could Extend Losses on U.S. Inflation Data

1057 GMT – The dollar falls as investors look ahead to data on Wednesday that are expected to show U.S. inflation eased to an annual rate of 5.2% in March from 6.0% in February, forex broker Tickmill Group says. “If such a drop is confirmed, or even surpassed, this should see Federal Reserve rate hike projections firmly lowered leading USD deeper still,” Tickmill analyst James Harte says in a note. The rally in risk assets is also weighing on the dollar due to its safe-haven status, he says. The DXY dollar index drops 0.5% to 102.066. (renae.dyer@wsj.com)