Dollar drops as consumer prices fall in June

Quick Summary:

The dollar dropped on Thursday after data showed that headline consumer prices unexpectedly fell in June, which may make it more likely that the Federal Reserve will begin cutting interest rates in the coming months.

The dollar index was last down 0.42 per cent at 104.51, and got as low as 104.

Against the yen, the dollar weakened 0.49 per cent to 160.88.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanOman

Topics: Cent Holds Banknotes Illustration Dollar Woman Photo: June Mediacorp Experience File

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 20:46:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 148 words

Reading Time: 1 minutes read

Sentences: 28 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21574568

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Headquarters: Singapore

News Last Updated: 41 minutes ago

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