Following the release of the U.S. inflation report, housing starts and building permits-all for May at 8:30 am ET, the US dollar edged lower against its major rivals. As of 8:33 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.
The consume price index climbed to 0.1 percent on month and 1.4 percent on year, compared to expectations for an increase of 0.2 percent and 1.4 percent, respectively. Housing starts rose 6.8 percent in May, weaker-than the predicted growth of 11.4 percent.
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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.