Dollar bruised after U.S. inflation comes in below expectations - Sharjah24


8/10/2022 12:00:00 AM2 years 8 months ago
by Sharjah 24

Sharjah24 – Reuters: The euro and Japanese yen were sitting pretty on Thursday morning after U.S. inflation data overnight came in less hot than feared and sent the dollar tumbling.

U.S. consumer prices were unchanged in July compared with June, when prices rose a monthly 1.3%. The July result was lower than expectations due to a sharp drop in the cost of petrol, causing markets… [+1529 chars]

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