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The U.S. dollar drifted lower against its major rivals on Wednesday as data showing the nation's consumer inflation slowed more than expected in July, raising speculation that the central bank will be less aggressive with regard to interest rate hike in September.

wholesale inventories 081022 A report released by the Commerce Department on Wednesday showed a continued surge in U.S. wholesale inventories in the month of June. The Commerce Department said wholesale inventories shot up by 1.8 percent in June after leaping by an upwardly revised 1.9 percent in May.

dollar 080219 10aug22 The U.S. dollar lost ground against its major counterparts in the European session on Wednesday, as the nation's consumer inflation slowed more than expected in July, reducing expectations for a 75 basis-point rate hike by the Federal Reserve in September. Data from the Labor Department showed that...

cpi chart 081022 With a sharp pullback in gasoline prices offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing U.S. consumer prices came in flat in the month of July. The Labor Department said its consumer price index was unchanged in July after jumping by 1.3 percent in June.

thailandbank dec19 10aug22 The Bank of Thailand raised its key interest rate for the first time in over three-and-a-half years as inflation is expected to remain above the target throughout this year. The Monetary Policy Committee voted 6 to 1 to raise the policy rate by a quarter-point to 0.75 percent, the central bank said on its website.

chinaconsumerprices1 may12 10aug22 China consumer price inflation accelerated to the highest in two years in July driven by pork prices, while factory gate inflation continued to ease, official data revealed Wednesday. Consumer price inflation rose to a two-year high of 2.7 percent in July from 2.5 percent in June, the National Bureau of Statistics reported. But the rate was below economists' forecast of 2.9 percent.

preview1 sept20 10aug22 Final consumer price data from Germany is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's final consumer and harmonized index of consumer prices for July. According to flash estimate, consumer price inflation eased slightly to 7.5 percent from 7.6 percent in June.

The U.S. dollar shed ground against some of its major counterparts on Tuesday, as traders looked ahead to U.S. inflation data for clues about the Federal Reserve's moves with regard to interest rates.

non farm productivity2 080922 A report released by the Labor Department on Tuesday showed U.S. labor productivity continued to slump in the second quarter of 2022, while labor costs continued to soar. The Labor Department said labor productivity tumbled by 4.6 percent in the second quarter after plummeting by a revised 7.4 percent in the first quarter.

philippneflag may08 09aug22 The Philippine economy grew well short of expectations in the second quarter as high inflation weighed on household spending and weak global demand and higher imports dampened net trade. Gross domestic product grew 7.4 percent on a yearly basis in the second quarter, the Philippine Statistics Authority said Tuesday. This was slower than the revised 8.2 percent increase in the first quarter.

The U.S. dollar drifted lower against its major counterparts on Monday, as traders assessed the Federal Reserve's likely stance on interest rate hikes in the coming months after data showed a much bigger than expected addition of jobs in the month of July.

eurozone july31 08aug22 Eurozone investor confidence improved in August but less than expected suggesting that the economy is undergoing a downturn, results of a closely-watched survey showed Monday. The investor confidence index rose to -25.2 in August from -26.4 in July. Nonetheless, the reading was below economists' forecast of -24.7.

preview oct01 08aug22 Investor confidence survey data from the euro area is due on Monday, headlining a light day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss unemployment data for July. The jobless rate is forecast to remain unchanged at 2.2 percent.

After showing a strong move to the upside in morning trading on Friday, the U.S. dollar has given back some ground but remains firmly positive.

nonfarm payroll 080522 Employment in the U.S. jumped by much more than expected in the month of July, according to a closely watched report released by the Labor Department on Friday. The report showed non-farm payroll employment spiked by 528,000 jobs in July after surging by an upwardly revised 398,000 jobs in June.

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