AFX: U.S. May CPI drops 1.3% on year, sharpest decline since 1950; Dollar steady
FXstreet.com (Barcelona) - Consumer prices have dropped 1.3% year in May, the largest drop in the last 60 years. Month on month, consumer prices have edged up 0.1%, the market consensus had advanced a 0.3% month on month increase and a 0.9% decline year on year. The Dollar remains steady.
EUR/USD contunues attempting to get over 1.3850 level after bouncing at 1.3820. GBP/USD is trying to bounce from 1.6220 low after its 260 pip decline from 1.6480 during the European session. USD/JPY decline from 96.77 intra-day high has reached levvels close to 96.15 support.
