US Dollar Index fell to 99.60 level
The US Dollar Index (DXY) fell sharply to the 99.60 level after climbing to a three-month high earlier in the session.
The decline occurred despite the United States Core Producers Price Index (PPI) rising 0.4% MoM in May and holding at 4.9%.
The ECB outlook also weighed on the Euro, impacting the US Dollar’s value.
The US Dollar Index’s movement suggests investors are locking in profits.