Forexlive Americas FX news wrap: US dollar shakes off PPI and jobless claims misses ...Middle East

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Forexlive Americas FX news wrap: US dollar shakes off PPI and jobless claims misses
US May PPI 2.2% y/y vs +2.5% expectedUS initial jobless claims 242K versus 225K estimateUS Treasury auctions off $22 billion of 30-year bonds at a high-yield of 4.403%Treasury Secretary Yellen: Strong US growth is lifting global growthBOC's Kozicki: We expect to end quantitative tightening at some point in 2025Markets:Gold down $19 to $2303WTI crude oil down 52-cents to $77.98CHF leads, EUR lagsUS 10-year yields down 5.1 bps to 4.24%S&P 500 up 13 points to 5433The US dollar is showing some impressive chops but it's unclear whether that's due to economic resilience or the mess in European politics. I'd lean to the latter as France descends into turmoil following the election call and the mark

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