Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Dollar Slightly Lower Ahead of US Jun CPI Report

The dollar index (DXY00) Wednesday fell by -0.07%.  The dollar weakened Wednesday as strength in stocks reduced liquidity demand for the dollar.  Also, a decline in T-note yields Wednesday weighed on the dollar.  Losses in the dollar were limited due to hawkish comments from Fed Chair Powell.

Fed Chair Powell said he believes inflation is receding but "isn't yet confident" that price gains are sustainably slowing to the Fed's 2% goal. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.