Soft CPI Overpowers Oil Shock as Dollar Retreats and Fed Gets Breathing Room

Dollar fell broadly in early trading after June CPI delivered a much larger-than-expected downside surprise, shifting market attention away from escalating geopolitical risks and back toward a more benign inflation outlook. Headline CPI fell -0.4% on the month while core CPI was unchanged, both undershooting expectations and challenging the aggressive repricing toward additional Federal Reserve
The post Soft CPI Overpowers Oil Shock as Dollar Retreats and Fed Gets Breathing Room appeared first on ActionForex.

Dollar fell broadly in early trading after June CPI delivered a much larger-than-expected downside surprise, shifting market attention away from escalating geopolitical risks and back toward a more benign inflation outlook. Headline CPI fell -0.4% on the month while core CPI was unchanged, both undershooting expectations and challenging the aggressive repricing toward additional Federal Reserve […]

The post Soft CPI Overpowers Oil Shock as Dollar Retreats and Fed Gets Breathing Room appeared first on ActionForex.

​Read More