The U.S. dollar turned in a subdued performance against its major rivals on Tuesday after data showing a drop in U.S. consumer prices supported expectations for a smaller rate hike by the Federal Reserve this month.
Data from the Labor Department this morning showed consumer price index rose by 0.4% in February after climbing by 0.5% in January.
Core consumer prices, which exclude food and energy prices, increased by 0.5% in February after rising by 0.4% in the previous month. Economists had expected core prices to rise by 0.4%.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.