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Dollar retreats from one-month peak tied to upbeat U.S. data
By Richard Leong NEW YORK (Reuters) - The dollar was flat on Wednesday as investors took profits after reaching a one-month high early in the session versus a group of currencies as U.S. data showed robust growth in retail sales and consumer prices in January. The greenback had been on track for an 11th consecutive day of gains but it retreated as U.S. Federal Reserve Chair Janet Yellen, in her second day of economic testimony before Congress, offered no additional insight on the timing of the central bank's next rate hike. On Tuesday, Yellen hinted more rate increases were on the way as the jobs market has improved and inflation has shown signs of nearing the Fed's 2 percent goal.
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