The dollar index is down 0.12% as US June producer prices rose less than expected, easing pressure on inflation and supporting a more dovish Fed outlook. With CPI also described as benign, the probability of a Fed rate hike at the upcoming FOMC meeting has reportedly fallen, weighing on the USD.
The dollar index is down 0.12% as US June producer prices rose less than expected, easing pressure on inflation and supporting a more dovish Fed outlook. With CPI also described as benign, the probability of a Fed rate hike at the upcoming FOMC meeting has reportedly fallen, weighing on the USD.
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mildly positive
Sentiment Score
0.15
