The dollar index (DXY) fell 0.32% as US June CPI rose less than expected, a dovish signal for upcoming Fed policy. The benign inflation print reduced the odds of a Fed rate hike at the later FOMC meeting, supporting a softer USD tone.
The dollar index (DXY) fell 0.32% as US June CPI rose less than expected, a dovish signal for upcoming Fed policy. The benign inflation print reduced the odds of a Fed rate hike at the later FOMC meeting, supporting a softer USD tone.
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mildly positive
Sentiment Score
0.15
