FOREX-Dollar extends falls after weaker-than-expected US producer prices

ReutersJun 12, 2025 12:47 PM

NEW YORK, June 12 (Reuters) - The U.S. dollar extended losses against the euro and yen on Thursday after yet another data showing softer-than-expected inflation in the world's largest economy, suggesting the Federal Reserve could increase the pace of its easing cycle.

The dollar dropped 0.95% against the yen to 143.29 yen JPY=EBS, while the euro surged more than 1% to $1.1624 EUR=EBS.

U.S. producer prices last month rose just 0.1%, less than the expected 0.2% rise.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

AMD Hits All-Time Highs as the x86 CPU Renaissance Takes Hold - Is AMD Stock a Buy at $345?

TradingKey - AMD surged 10-13% to all-time highs at $345 on Intel’s AI demand read-across and a D.A. Davidson $375 Buy upgrade. Q1 earnings May 5. Record Data Center and Meta deal in focus.

Marvell vs. Broadcom: Who Is the More Worthy ASIC Leading Company?

TradingKey - After the market close on April 6 (ET), Broadcom (AVGO) announced a long-term supply agreement with Google (GOOGL) through 2031 to design and supply next-generation TPUs and networking components. The company's stock surged 6.21% to $333.97 the following day. On Sunday, April 19, news e

Citi Raises Brent Crude Forecast to $150: Strait of Hormuz Risks Brew, How High Can Oil Prices Rise?

TradingKey - On April 26, Eastern Time, Citigroup raised its 2026 Brent crude oil price forecast to $150. Citing the deadlock in U.S.-Iran negotiations and the resulting persistent blockade of the Strait of Hormuz, Citi believes the situation in the Middle East has shifted from a short-term risk to a structural variable that could continuously disrupt global supply.

SanDisk Earnings Preview: AI Storage Drives Performance Surge, Valuations and Risks Rise

TradingKey - Storage chip manufacturer SanDisk (SNDK) will release its fiscal 2026 third-quarter results after the market close on Thursday, April 30. Market consensus expects revenue of approximately $4.65 billion and adjusted earnings per share (EPS) of about $14.30. SanDisk’s own guidance provided a revenue range of $4.4 billion to $4.8 billion and adjusted EPS of $12 to $14. By comparison, the company’s second-quarter revenue was $3.025 billion. The market will focus on whether enterprise storage demand driven by AI infrastructure can maintain its explosive growth and the sustainability of NAND price increases.

Tesla Stock Forecast: How Much Will TSLA Stock Be Worth in 2030? Can It Hit $3,000?

Explore the Tesla stock forecast for 2030. This analysis covers TSLA’s pivot to AI, Robotaxis, and Optimus robotics, evaluating bull and bear cases for the $3,000 price target. Gain insights into market cap projections and key growth drivers for long-term investors.

Featured Tools