DXY Rises Marginally to Recover from Steep Drop!

The U.S. Dollar (USD) rose on Wednesday against major peers, with markets anticipating the release of last month’s inflation data.

The May reading of the Consumer Price Index (CPI) is due to be released tomorrow by the U.S. Bureau of Labor Statistics.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.01% at 90.09.

In early trades, the index declined as low as 89.84, while its highest level was near 90.14, after closing yesterday at 90.076.