The US Dollar rebounded against most of its rivals as inflation fears mounted. A favoured gauge of the Greenback’s value against a basket of 6 major currencies, the Dollar Index (USD/DXY) rose 0.54% to 104.50 from 103.80 on Tuesday. Data released yesterday saw US Consumer Confidence in June drop to 98.7, lower than expectations at 100.0 and a previous downward adjusted 103.2 (from 106.4). Growing concerns over what higher interest rates might mean to the US economy weighed on consumers as the “R” word, recession resonated. Wall Street stocks tumbled with the S&P 500 down 2.09% to 3,825 (3,915) while the DOW ... (full story)