The U.S. dollar shed ground against other major counterparts on Thursday, continuing to slide with markets assessing the inflation data.
After yesterday's data showed inflation came in softer than expected in the month of July, data from the Labor Department today showed the producer price index for final demand fell by 0.5% in July after surging by a revised 1% in June. The decrease marked the first drop in producer prices since April 2020.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.