US dollar extends fall vs yen after inflation data

by Aurelia Butler 28 June 2024, 13:02 129 Views

The U.S. personal consumption expenditures (PCE) price index, the Fed’s preferred inflation measure, was unchanged last month, and followed an unrevised 0.3% gain in April, data showed. In the 12 months through May, the PCE price index increased 2.6% after advancing 2.7% in April.

Post-data, the dollar slipped 0.1% versus the Japanese currency to 160.55 yen.

Source: Economy - investing.com

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US dollar extends fall vs yen after inflation data

Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

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