Dollar Declines on Lower-than-Expected US CPI Report
The dollar index fell by -0.32% after June U.S. consumer prices rose less than expected, reducing the likelihood of a Fed rate hike at its upcoming meeting to 17%. The benign inflation data weighed on the dollar despite comments from Fed Chair Warsh and Goolsbee emphasizing economic resilience.
Topics: Dollar Index Federal Reserve Policy Interest Rates US CPI