US Dollar rebounds after inflation data

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, accelerating from 3.8% previously, while it increased 0.5% on a […]

Dow Jones finds out the ceasefire was load-bearing

Dow Jones finds out the ceasefire was load-bearing

The Dow Jones Industrial Average (DJIA) fell about 1.2% on Wednesday, a near 600-point slide that settled just under 50,250 after tagging session lows around 50,150. The awkward part is that the scheduled risk behaved: May Consumer Price Index (CPI) data landed on forecast and leaned friendly underneath, yet the index still booked its heaviest […]