Dollar Crushed as Dovish Inflation Data and Trade Tensions Weigh; Euro Surges to Multi-Year High

Dollar accelerated its broad-based selloff in early US trading, plunging to its lowest level against Euro since 2021. The latest catalyst came from softer-than-expected May PPI data, which followed Wednesday’s downside surprise in CPI. https://www.actionforex.com/action-insight/market-overview/600563-dollar-crushed-as-dovish-inflation-data-and-trade-tensions-weigh-euro-surges-to-multi-year-high