The US CPI, housing starts and building permits-all for May are due out at 8:30 am ET. The consume price index is forecast to rise to 0.2 percent on month from 0.1 percent, while the annual rate is expected to climb to 1.4 percent from 1.1 percent in April. Housing starts are predicted to grow 11.4 percent month-on-month in May, while building permits are expected to drop 3.0 percent.
The US dollar showed mixed trading ahead of the data. While the greenback edged higher against the pound and the yen, it held steady versus the euro and the Swiss franc. As of 8:25 am ET, the greenback was trading at 1.3374 against the euro, 95.41 against the yen, 1.5604 against the pound and 0.9210 against the Swiss franc.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.