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Dollar Declines Following U.S. CPI
(RTTNews) - Following the release of U.S. CPI for March at 8.30 am ET Wednesday, the greenback fell against its major counterparts.
The greenback was trading at 133.16 against the yen, 1.0965 against the euro, 1.2462 against the pound and 0.8971 against the franc around 8:32 am ET.
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U.S. Dollar Falls Amid U.S. Growth Concerns
The U.S. dollar weakened against other major currencies in the European session on Wednesday, amid growing worries about slowing U.S. economic growth and the effects of recently imposed tariffs.
Instead of being pro-growth and inflationary for the economy, as investors had previously predicted, they are expecting Trump's tariffs to slow down U.S. economic growth.
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U.S. Dollar Falls Against Majors
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