Tuesday, June 23, 2026
HomeForex NewsU.S. Dollar Sinks As Soft Inflation Data Boosts Fed Pause Hopes

U.S. Dollar Sinks As Soft Inflation Data Boosts Fed Pause Hopes

The U.S. dollar fell against its major counterparts in the New York session on Wednesday, as the nation’s consumer inflation slowed more than expected in June, raising hopes that the Federal Reserve may conclude its rate hiking cycle soon.
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