Dollar slumps as CPI, retail sales disappoint – The dollar sank Friday after U.S. and data for June disappointed.
The was off 0.42% at 95.16 at 9:15 ET after trading at 95.41 prior to the release of the official data.
The core was up 0.1% when it was forecast to be up 0.2%.
The core was up an annual 1.7% compared with a forecast of 1.7%.
The headline in June was flat when it was forecast to rise 0.1%.
The annual rate was 1.6%, compared with a forecast of 1.7%.
In her testimony to Congress Fed Chair Janet reiterated the message of gradual tightening.
But she conditioned the pace of tightening to developments on the inflation front.
The Fed’s target rate for inflation is 2%
Core retail sales fell 0.2% from May when they were forecast to rise by 0.2%.
Headline sales were down 0.2% against a forecast increase of 0.1%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.