EUR/USD (EURUSD=X)
| Previous Close | 1.0742 |
| Open | 1.0742 |
| Bid | 1.0709 |
| Day's Range | 1.0671 - 1.0747 |
| 52 Week Range | 1.0450 - 1.1276 |
| Ask | 1.0703 |
- Investing.com
Dollar falls after CPI, Fed meeting; PPI release due
The U.S. dollar fell Thursday, as traders weighed up the competing factors of benign U.S. inflation yet a more hawkish Federal Reserve. Before paring some of these losses when the Federal Reserve left the funds rate on hold at 5.25%-5.5% and detailing that policymakers' median projection for the number of cuts this year fell to just one, from three in March. This brings Thursday’s PPI release firmly into focus, with the headline figure expected to show monthly growth of 0.1% in May, a drop from 0.5% growth the prior month.
- Investing.com
Dollar slips lower ahead of Fed meeting, CPI data
The U.S. dollar retreated Wednesday, falling back after hitting a four-week high overnight ahead of the conclusion of the latest Federal Reserve policy meeting. The dollar has slipped back from recent highs, but the U.S. currency has been in demand after Friday’s stronger-than-expected jobs report, as traders pared back bets for Fed rate cuts this year. With this in mind, all eyes will be on the release of crucial U.S. consumer price data and the Fed meeting, including fresh interest rate forecasts, later Wednesday.
- Yahoo Finance Video
Summer travel to Europe is about to get pricier. Here's why.
According to Hopper data, Europe is the most popular travel destination for consumers this summer. However, the price of a European dream vacation is about to get more expensive. For the culprit, look no further than the euro-dollar exchange rate. Yahoo Finance Host Madison Mills joins Wealth! to break down why European summer travel plans are about to get more expensive. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
