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Dollar declines amid bond pressures and US inflation slowdown
The US dollar declined against a basket of major currencies after inflation in the United States slowed to 3.5% in June, the lowest level in five months, which reduced expectations of tightening monetary policy by the Federal Reserve. The dollar index fell to 100.81 points, while the euro rose to $1.1433 and the British pound to $1.3401. Meanwhile, the dollar weakened against the Japanese yen, reaching 162.08 yen. This reflects how data influenced the currency market, which was also affected by rising oil prices due to military tensions in the Middle East.
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