DailyFXThe latest US inflation report showed price pressures easing by more than forecast, with all headline numbers coming in below expectations and last month’s numbers. The move lower in core CPI y/y, from 3.6% to 3.4%, surprised the market and sent the USD lower and risk markets higher.
US Bureau of Labor Statistics – US CPI Report (May)
The US dollar index fell by around 3/4s of a point after the release, before finding support off the 200-day simple moving average.
US Dollar Index Daily Chart
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