investingLive Americas FX news wrap 12 Aug: CPI as expected. USD reverses declines and closes higher
A July U.S. CPI report matched expectations, with headline CPI up 0.1% m/m and 3.4% y/y, and core CPI up 0.2% m/m and 2.5% y/y, according to the report cited. The dollar rose broadly and Treasury yields ended mixed. U.S. stocks were mixed, while AI/data-center shares gained, including Nebius (+34.14%) after Q2 revenue of $582.3M.


