FOREX TradingCharts.com

Forex News: U.S. Dollar Declines After Softer-than-expected Inflation Da

U.S. Dollar Declines After Softer-than-expected Inflation Data

06/11/2025 - 15:47:00 (RTTNews)

(RTTNews) - The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the consumer price index came in softer than expected in May.

On a monthly basis, the CPI rose 0.1% in May, following the 0.2% increase in April. The reading came in below expectations of a 0.2% rise.

The core CPI, which excludes food and energy prices, increased 0.1%, compared to estimates of a 0.3% rise.

On a yearly basis, the CPI increased by 2.4% in May, following the 2.3% increase recorded in the previous month. Economists had expected a 2.5% rise.

The dollar index fell 0.44% to 98.56.

The greenback fell to a 6-day low of 0.8185 against the franc and near a 2-month low of 1.1496 against the euro. The next possible support for the currency is seen around 0.80 against the franc and 1.16 against the euro.

The greenback declined to a 6-day low of 1.3650 against the loonie and a 6-1/2-month low of 0.6546 against the aussie. The currency is poised to find support around 1.34 against the loonie and 0.67 against the aussie.

The greenback dropped to a 2-day low of 144.31 against the yen and a 6-day low of 0.6066 against the kiwi, from an early nearly 2-week high of 145.46 and a 2-day high of 0.6023, respectively. The currency may find support around 140.00 against the yen and 0.62 against the kiwi.

The greenback retreated against the pound and was trading at 1.3552. If the currency falls further, it is likely to find support around the 1.38 level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Yen Retreats Against Majors (02 hr(s), 51 min(s), 11 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story»

Canadian Dollar Slides As Trump Announces 35% Tariffs On Canadian Imports (03 hr(s), 03 min(s), 11 sec(s) ago)
(RTTNews) - The Canadian dollar weakened against other major currencies in the Asian session on Fr ...Full Story»

Canadian Dollar Slides Against Majors (03 hr(s), 15 min(s), 11 sec(s) ago)
(RTTNews) - The Canadian dollar weakened against other major currencies in the Asian session on Fr ...Full Story»

Antipodean Currencies Rise Amid Risk-on Mood (03 hr(s), 27 min(s), 11 sec(s) ago)
(RTTNews) - The antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story»

NZ Dollar Advances Against Most Majors (04 hr(s), 09 min(s), 11 sec(s) ago)
(RTTNews) - The New Zealand dollar strengthened against most major currencies in the Asian session ...Full Story»

Australian Dollar Rises Against Majors (04 hr(s), 12 min(s), 11 sec(s) ago)
(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session ...Full Story»

U.S. Dollar Rises As Initial Jobless Claims Drop (32 min(s), 50 sec(s) ago)
(RTTNews) - The U.S. dollar advanced against its major counterparts in the New York session on Thu ...Full Story»

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide (01 hr(s), 24 min(s), 11 sec(s) ago)
(RTTNews) - The commodity currencies such as Australia, the New Zealand and the Canadian dollars s ...Full Story»

Search

FOREX NEWS

Yen Retreats Against Majors

07/11/2025 - 04:11 AM (RTTNews)
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Frida ...Full Story>>

Canadian Dollar Slides As Trump Announces 35% Tariffs On Canadian Imports

07/11/2025 - 03:57 AM (RTTNews)
(RTTNews) - The Canadian dollar weakened against other major currencies in the Asian session on Fr ...Full Story>>

Canadian Dollar Slides Against Majors

07/11/2025 - 03:45 AM (RTTNews)
(RTTNews) - The Canadian dollar weakened against other major currencies in the Asian session on Fr ...Full Story>>

Antipodean Currencies Rise Amid Risk-on Mood

07/11/2025 - 03:33 AM (RTTNews)
(RTTNews) - The antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story>>

NZ Dollar Advances Against Most Majors

07/11/2025 - 02:52 AM (RTTNews)
(RTTNews) - The New Zealand dollar strengthened against most major currencies in the Asian session ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.