The dollar eased versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and
May 13, 2024
Global shares and gold rose while the dollar eased on Thursday after a moderate rise in July U.S. consumer price inflation bolstered the view that the Federal Reserve is at the end of its rate hiking cycle. The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% in June. Economists polled by Reuters expected headline CPI to rise to 3.3%. The pace of core CPI, which strips out volatile food and energy prices, slowed to 4.7% in July from 4.8%
August 10, 2023
Global shares and gold rose while the dollar eased on Thursday after a moderate rise in July U.S. consumer price inflation bolstered the view that the Federal Reserve is at the end of its rate hiking cycle. The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% in June. Economists polled by Reuters expected headline CPI to rise to 3.3%. The pace of core CPI, which strips out volatile food and energy prices, slowed to 4.7% in July from 4.8%
August 10, 2023
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