US inflation data miss causes Dollar Index to fall, US stocks lose momentum ahead of PPI.

From Investing.com: 2025-06-12 00:55:00

The week started calmly in currency markets, but a miss in US inflation data caused the Dollar Index to fall, retesting last week’s lows. The Canadian stock index hit new all-time highs, while US stock indices initially rose before reversing on sell-the-news flows. The US Dollar weakened against major currencies, except for the Japanese Yen. The Loonie strengthened against most majors, especially the Euro. USD/CAD is testing the pivot zone and moving within a descending channel. The US economic calendar includes PPI and jobless claims, with markets waiting for any impact from the recent US data miss.



Read more at Investing.com: CPI Miss Sends US Dollar Lower as Stocks Lose Momentum Ahead of PPI