The greenback plummeted on the back of US inflation figures, ending the day in the red against all major rivals. The July Consumer Price Index contracted more than anticipated, down to 8.5% YoY from 9.1% in June. More relevantly, the core reading held steady at 5.9%, better than the uptick towards 6.1% anticipated.

Also, the Chinese Consumer Price Index rose by less than anticipated in July, up by 2.7% YoY from 2.5% in the previous month but below the 2.9% expected. In the same period, the Producer Price Index rose by 4.2%, well below the previous 6.1% and the expected 8%. Germany confirmed the July CPI at 7.5% YoY.

The greenback plummeted on the back of US inflation figures, ending the day in the red against all major rivals. The July Consumer Price Index contracted more than anticipated, down to 8.5% YoY from 9.1% in June. More relevantly, the core reading held steady at 5.9%, better than the uptick towards 6.1% anticipated.

Also, the Chinese Consumer Price Index rose by less than anticipated in July, up by 2.7% YoY from 2.5% in the previous month but below the 2.9% expected. In the same period, the Producer Price Index rose by 4.2%, well below the previous 6.1% and the expected 8%. Germany confirmed the July CPI at 7.5% YoY.