Excluding food and energy prices, core consumer prices inched up by 0.1% in June after rising by 0.3% in the previous month. Economists had expected core prices to edge up by 0.2%.
Core prices increased at an annual rate of 1.9% in June, reflecting a slowdown from the 2.0% growth reported in May.
The US Federal Reserve has set an annual inflation goal of 2%.
The greenback was trading at 0.9003 against the franc, after advancing to a 1-1/2-month high of 0.9027 in recent deals. On the downside, 0.89 is seen as the next possible downside target level for the greenback.
The trade surplus was at
After climbing to a fresh 8-month high of 1.3459 against the euro in early deals, the greenback eased to 1.3496 shortly thereafter. The next possible downside for the greenback is seen around the 1.36 mark.
The greenback pulled away from an early 5-day high of 101.60 against the yen, falling back to 101.33. If the greenback continues its slide, it is likely to target support around the 101.00 area.
The greenback reversed from an early 4-day high of 1.7048 against the pound, declining to 1.7079. The greenback is likely to test support around the 1.72 zone.
Public sector net borrowing excluding financial interventions totaled
The greenback fell to 1.0731 against the loonie and 0.8697 against the kiwi, after rising to 4-day highs of 1.0759 and 0.8654, respectively in early deals. Continuation of downtrend may take the greenback to support levels of around 1.065 against the loonie and 0.875 against the kiwi.
The greenback hit near a 2-week low of 0.9422 against the aussie, coming off from an early Asian session's 4-day high of 0.9361. The greenback may challenge support around the 0.95 mark.
Looking ahead, the US existing home sales data for June is due shortly.
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