US Dollar Index Drops as Inflation Data Falls Short of Expectations • Dumb Little Man
US Bureau of Labor Statistics – US CPI Report (May) Source: DailyFX The latest US inflation report revealed a more significant easing in price pressures than anticipated. All headline figures were below expectations and last month’s numbers. The unexpected drop in core CPI y/y from 3.6% to 3.4% surprised the market, causing the USD to…