Inflation data impacts currency, stocks, and ETFs.
TL;DR Summary
The US dollar weakened against other major currencies after US inflation slowed more than expected, increasing the likelihood that the Federal Reserve could pause its interest rate hikes. The euro rose 0.24% to $1.0987 while sterling was up 0.14% to $1.2640. The Japanese yen was last seen at $134.50 as the dollar slipped 0.52%. Against a basket of currencies, the dollar index fell 0.2% to 101.38 after hitting a low of 101.21.
- Dollar weakens, euro edges higher after inflation data Reuters
- Inflation: Consumer prices in April rise at slowest annual rate in 2 years Yahoo Finance
- Looking To Play The SPY Bullishly Following CPI Data? This ETF Offers 3X Leverage - Direxion Daily S&P 50 Benzinga
- Futures dip as focus shifts to inflation data Reuters
- Stocks waver as inflation drops below 5% level: Stock market news today Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
14
Time Saved
2 min
vs 3 min read
Condensed
83%
434 → 72 words
Want the full story? Read the original article
Read on Reuters