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US Dollar softens as Gold slides below $3,200 on risk rebound

The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, softened near 100.60 on Wednesday as cooler-than-expected inflation and news of ongoing US-South Korea currency discussions pressured the Greenback.
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US yields surge as traders await data, Fed cuts priced out on tariffs uncertainty

US Treasury yields are climbing across the entire yield curve as market participants digest Tuesday’s US inflation data on the consumer side, with traders awaiting the release of the Producer Price Index (PPI) April figures and Retail Sales.
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