EUR/USD is higher as the dollar drops following softer-than-expected May CPI figures.
Portfolio Pulse from Benzinga Newsdesk
The EUR/USD currency pair has risen as the US dollar weakens following softer-than-expected May CPI figures.
June 12, 2024 | 12:52 pm
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The Invesco DB US Dollar Index Bullish Fund (UUP) is likely to see a decline as the US dollar weakens following softer-than-expected May CPI figures.
The Invesco DB US Dollar Index Bullish Fund (UUP) tracks the performance of the US dollar. A weaker dollar due to softer-than-expected CPI figures will likely lead to a decline in UUP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80