June 11, 2025
Dollar falls after U.S. core inflation rises less than expected
Dollar declines 0.3% to 144.44 yen, while euro gains 0.4% to $1.1470
June 11, 2025
The dollar falls against the yen and the euro after data shows core inflation in the United States rises less than expected in May.
The core consumer price index increases 0.1% last month, following a 0.2% rise in April. The slower inflation reading raises expectations that the Federal Reserve could cut interest rates sooner.
The dollar declines 0.3% to 144.44 yen. The euro gains 0.4% to $1.1470.
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