FOREX-Dollar advances as U.S. data shows inflation running hot ...Middle East

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FOREX-Dollar advances as U.S. data shows inflation running hot
The U.S. dollar jumped against a basket of currencies on Tuesday after data showed U.S. inflation data for June coming in hotter than expected, raising the prospect that inflationary concerns are set to linger. U.S. consumer prices rose by the most in 13 years in June https://www.reuters.com/article/usa-economy-inflation/u-s-consumer-prices-surge-in-june-idUSL1N2OO1VQ amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.

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