US Dollar Slides as Feds Favorite Inflation Gauge Comes Below Expectations

The U.S. dollar, as measured by the DXY index, fell on Friday after U.S. PCE data showed that consumer spending and core inflation rose less than expected in May, giving the Fed cover to be less hawkish.

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Euro Breaking News: Core Inflation Rises in Europe Headline Declines

The stickier, core measure of inflation in the Euro Area rose during the month of June but less than expected. Headline inflation continues to make progress

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Japanese Yen is on the Slide as the Fed and Bank of Japan Return to their Corners

The Japanese Yen backed away from 145 against the US Dollar after some verbal intervention but interest rate differentials are reaccelerating in favour of USD. How high will USD/JPY go?

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