Dollar dips against major currencies
DSIJ Intelligence / 15 Jul 2017
US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand.
After weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth, dollar dipped against a basket of major currencies on Friday and whether the Federal Reserve would raise interest rates again in 2017.
US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand.
The dollar index, was down 0.62% to 95.14 after earlier falling to 95.132, its lowest since September 2016.
Economists had forecast the CPI edging up 0.1% last month. Its drop of 0.1 % in May and the lack of a rebound in June may trouble Fed officials.
US interest rates futures rose as traders pared their view the Federal Reserve would increase rates again in 2017.
Against the Japanese yen, the dollar was down 0.65% to 112.53 yen, after hitting a near two-week low of 112.28 yen.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.