U.S. Dollar Index Rises 0.02% on June 10 as CPI Data Triggers Twin V-Shaped Reversals

On Wednesday, June 10, the ICE U.S. Dollar Index rose 0.02% to close at 99.928, with intraday trading range of 99.715–100.032. Following the release of U.S. CPI inflation data at 8:30 p.m. Beijing time, the dollar index underwent two successive V-shaped reversals, touching daily lows during the swings. The Bloomberg Dollar Index declined 0.04% to 1210.20. The dollar strengthened 0.10% against the yen to 160.51, while the euro held steady against the dollar, and sterling weakened 0.02% to 1.3377. The dollar gained 0.18% against the Swiss franc, approaching its daily high of 0.7996.
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