US Dollar extends losses as soft inflation data confirms market's September rate cut expectations

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The US Dollar measured by the DXY index slipped further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index (CPI), which makes an even better case for a September interest rate cut by the Federal Reserve (Fed).

US Dollar loses momentum on decelerating CPI figures. Marketsnow are more certain of September cut. US Treasury yields fall, making traders lose interest in USD. The US Dollar measured by the DXY index slipped further on Thursday, mainly due to the decelerating inflation figures from the US Consumer Price Index , which makes an even better case for a September interest rate cut by the Federal Reserve .

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