Forex Today: Post-CPI USD selloff pauses ahead of producer inflation data

Here is what you need to know on Thursday, June 13: The US Dollar (USD) seems to have stabilized early Thursday after suffering large losses against its major rivals on soft inflation data on Wednesday.

Here is what you need to know on Thursday, June 13: The US Dollar seems to have stabilized early Thursday after suffering large losses against its major rivals on soft inflation data on Wednesday. In the second half of the day, the US economic docket will feature weekly Initial Jobless Claims data and Producer Price Index figures for May. US Dollar PRICE This week The table below shows the percentage change of US Dollar against listed major currencies this week.

At the time of press, the pair was trading modestly lower on the day at around 1.2780. USD/JPY registered small losses on Wednesday and climbed back above 157.00 in the European morning on Thursday. The Bank of Japan will announce monetary policy decisions during the Asian trading hours on Friday. The data from Australia showed that the Unemployment Rate edged lower to 4% in May from 4.1% in April as expected. The Employment Change arrived at +39.7K, surpassing the market expectation of +30K.

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