Dollar tumbles after U.S. data, Fed officials signal later rate hike

April 16, 2015 10:11 PM

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Dollar tumbles after U.S. data, Fed officials signal later rate hike

NEW YORK (Reuters) - The U.S. dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday after comments from Federal Reserve officials and weak U.S. data pushed out expectations for the first Fed rate hike.

Atlanta Federal Reserve Bank President Dennis Lockhart, whose comments were closely-watched since he is a voting member of the Fed's rate-setting committee this year, said the Fed's interest rate plans were being complicated by factors including a "murky" run of first-quarter data.

Also read: Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%

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