The US dollar index fell today, Thursday, to its lowest level in 15 months after official data showed US inflation slowed last month.
And by 11:30 Moscow time, the dollar index, which measures the value of the US currency against a basket of major currencies, fell 0.23% to 100.28 points, and before that the index recorded 100.2 points, the lowest level since April 2022. .
Below is the dynamics of the change in the dollar index for the year:
Yesterday’s U.S. data showed that the U.S. CPI rose 3% year-on-year in June after rising 4% in May 2023.
The slowdown in inflation suggests that the rate hike cycle in the US is coming to an end.
Source: RT + Bloomberg