From Yahoo Finance: 2025-05-12 20:46:00

The dollar slipped on Tuesday as inflation data fell below expectations, with the consumer price index rising 0.2% in April. Despite this, inflation is expected to rise due to U.S. tariffs on imported goods. The dollar index fell 0.67% to 101.05, with the euro up 0.81% at $1.1177. Market optimism about a U.S.-China tariff deal has eased recession fears, leading to reduced expectations for Fed rate cuts. Major brokerages have scaled back U.S. recession forecasts and now predict a rate cut in September. Sterling strengthened 0.95% to $1.3297, while bitcoin rose to $104,314.79 and Ethereum jumped to $2,612.46.



Read more at Yahoo Finance: Dollar falls after cooler-than-expected consumer price data