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Dollar Falls as June Producer Prices Drop 0.3%

Dollar Falls as June Producer Prices Drop 0.3%

The U.S. dollar weakened after producer prices unexpectedly fell in June, giving investors further evidence that inflation pressures may be easing. The report reduced expectations for an immediate Federal Reserve rate increase, although renewed U.S.-Iran tensions and higher oil prices continued to complicate the outlook for inflation and monetary policy.

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U.S. Adds 115,000 Jobs as Unemployment Holds

U.S. Adds 115,000 Jobs as Unemployment Holds

U.S. labor market data released showed employers continued hiring during April, with payroll growth exceeding economist expectations while the national unemployment rate remained unchanged at