Forex Today: US Dollar Rebounds after Inflation Data

Here is what you need to know for Thursday, June 11: The US Dollar Index (DXY) trades with a firmer tone above 100.00 after May inflation data highlighted persistent price pressure in the United States (US). The headline Consumer Price Index (CPI) rose 4.2% YoY, accelerati

Here is what you need to know for Thursday, June 11: The US Dollar Index (DXY) trades with a firmer tone above 100.00 after May inflation data highlighted persistent price pressure in the United States (US).

The headline Consumer Price Index (CPI) rose 4.2% YoY, accelerating from 3.8% previously, while it increased 0.5% on a monthly basis

The data reinforced expectations that the Federal Reserve (Fed) may keep interest rates higher for longer despite softer core inflation readings. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Leave a Reply

Your email address will not be published. Required fields are marked *