US Dollar Forecast: DXY Falls as Soft CPI Data Fuels Fed Rate Cut Expectations

The U.S. Dollar Index (DXY) dropped 0.47% on Wednesday to 98.583, as cooler-than-expected inflation data revived expectations for a Federal Reserve rate cut. The
core Consumer Price Index (CPI) rose just 0.1% in May, below the 0.3% forecast
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