The U.S. dollar depreciated against its major counterparts in the New York session on Thursday, as the nation's producer prices fell unexpectedly in March, strengthening expectations that the Federal Reserve will end its tightening cycle soon.
Data from the Labor Department showed that the producer price index fell by 0.5 percent in March following a revised unchanged reading in February.
Economists had expected producer prices to come in unchanged compared to the 0.1 percent dip originally reported for the previous month.
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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.