Palo Alto, CA (PRWEB) May 04, 2022 PALO ALTO, CA. May 3, 2022 – Merk Investments launches the Merk Stagflation ETF. The ETF will trade on the NYSE Arca
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NEW YORK (Reuters) - The dollar edged lower on Wednesday following a tame U.S. inflation report and a tepid auction of benchmark 10-year Treasury notes, while riskier currencies like the Australian and New Zealand dollars rose on improving global growth prospects.
U.S. consumer prices posted their biggest annual gain in a year, though underlying inflation remained tepid amid sluggish demand for services like airline travel, the data showed.
The move was largely in line with economists expectations, though core inflation rose 0.1% versus market forecasts for a 0.2% rise.
U.S. Treasury yields slid following the data, as market participants had hoped for a more upbeat outlook on consumer prices.
Dollar dips following inflation data, U S Treasury auction reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.