The dollar index (DXY00 ) today is down by -0.36%. The dollar erased an overnight rally and turned lower after today's Fed-friendly US May CPI report bolstered expectations for the Fed to cut interest rates later this year. Also, today's strength in stocks reduced liquidity demand for the dollar. The...Puzzle of money by TPopova via iStock
Dollar Retreats on a Dovish US May CPI Report
Written on 06/11/2025
Rich Asplund