LONDON/SINGAPORE—The dollar fell slightly on Thursday from near three-month highs, a day after a surprise rate hike from the Bank of Canada suggested the Federal Reserve may also have more work to do to combat inflation.
The euro was last up 0.3 percent at $1.073 against the dollar—the most traded currency pair in global markets.
That was despite data showing that the eurozone economy slipped into a mild recession in the first quarter, after gross domestic product statistics were revised.
The dollar index, which measures the currency against six major peers, was down 0.19 percent to 103.84. Last week the index hit 104.7, the highest since March 15….