The possibility that the Fed will cut interest rates this year is showing that the dollar is weakening and the yen is fleeing the intervention zone

The US dollar generally weakened against other currencies, and the yen became one of the major currencies that rose the most.

Zhitong Finance02:50 ET

Forex Today: US Dollar Stays Under Pressure Following Post-CPI Selloff

The US Dollar (USD) is struggling to stage a rebound after suffering large losses against its major rivals following the April inflation data from the US on Wednesday.

FXStreet02:17 ET

Federal Reserve Goulsby is happy to see anti-inflation progress and says there is still room for further deceleration

Chicago Federal Reserve Chairman Goulsby said in an interview that he welcomed the slowdown in price growth in April, but said there is still room for further deceleration in inflation.

Zhitong Finance20:27 ET

Chicago Federal Reserve Governor Goolsbee praises cooling inflation and says more progress is needed

Chicago Federal Reserve Governor Austan Goolsbee welcomed the slowdown in inflation in April, but said there is still room for further decline in inflation. Goolsbee said after the release of the CPI data on Wednesday that he would like to see more such reports before supporting interest rate cuts. Recommended reading: US inflation has cooled down for the first time in six months, giving Federal Reserve officials who want to cut interest rates this year. Inflation shows “an improvement compared to the last time. It is basically in line with our expectations, but it is still higher than the level of the second half of last year,” Goolsbee said in an interview with the Marketplace radio program

環球市場播報17:58 ET

Forex Today: US Inflation Bolstered the Risk Appetite

The risk complex regained strong upside traction on the back of the generalized offered stance in the US Dollar in the wake of the release of US inflation data measured by the CPI in April.

FXStreet14:20 ET

Milei Sees Argentina 'Very Close' to Lifting Currency Controls

Argentine President Javier Milei sees his government lifting currency controls very soon as his economic team works to clean up the central bank’s balance sheet.

BNN Bloomberg14:16 ET