- The US Core PCE annual rate slowed from 4.7% to 4.6% in May.
- The US dollar weakened modestly after the report.
- The EUR/USD turned positive for the day after rebounding from two-week lows.
The EUR/USD rebounded further after US consumer inflation data and climbed above 1.0880, hitting fresh daily highs, boosted by a weaker US dollar. The greenback pulled back after the report, and commodities and US equities futures rose.
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