US Dollar Forecast: DXY Falls as Soft CPI Data Fuels Fed Rate Cut Expectations

The U.S. Dollar Index (DXY) dropped 0.47% on Wednesday to 98.583, as cooler-than-expected inflation data revived expectations for a Federal Reserve rate cut. The core Consumer Price Index (CPI) rose just 0.1% in May, below the 0.3% forecast https://www.fxempire.com/forecasts/article/us-dollar-forecast-dxy-falls-as-soft-cpi-data-fuels-fed-rate-cut-expectations-1525518