US CPI (May) came in a tick weaker than forecast at 1.8% y/y (Core CPI printed at 2.0% y/y). Despite traders increasing bets on a Fed rate hike this summer, the US dollar was among the strongest major currencies today, along with the yen.

GBP traders were nonplussed by PM frontrunner Boris Johnson’s speech this morning.

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The Aussie was the weakest major currency on the day.

WTI fell 4% today to close near 51.00, its lowest level in five months, after an unexpected buildup in inventories. See “4 Reasons Oil is Tanking” for more.

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DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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