CNBC: Dollar weakens on soft U.S. inflation data for June

“Fed governor Christopher Waller said yesterday, ‘sternly staring at inflation until it melts before our withering ‌gaze is not an option,’ but that’s exactly what seems to be playing out,” said Karl Schamotta, chief market strategist, at Corpay Cross-Border Solutions “Without a sustained rise in global energy prices over the coming weeks and months, the U.S. economy is now on a modestly-disinflationary trajectory that should keep U.S. yields and the dollar capped.”

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