FOREX-US dollar stumbles, drops to more than one-year low as inflation eases in June
* U.S. annual inflation rises at lower-than-expected pace * Rate futures price in one rate cut this year * Dollar hits lowest since January 2015 vs Swiss franc * Dollar falls to six-week low vs yen * Euro rises to highest since March 2022 vs dollar (Adds analyst comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, July 12 (Reuters) - The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggesting the Federal Reserve may have to raise interest rates only one more time this year. The dollar index dropped to as low as 100.54, the lowest since April 2022, and was last down 1% at 100.55, on track for its largest daily percentage loss since early February.
