NEW YORK (Reuters) – The greenback sank to a brand new two-month low on Wednesday after knowledge confirmed the rise in U.S. shopper costs eased in June, suggesting that the Federal Reserve may have to boost rates of interest only one extra time this 12 months.

The dropped as little as 101.08, the bottom in two months, after the information, and was final down 0.5% at 101.11.

Core U.S. shopper costs rose simply 0.2% in June, in contrast with forecasts for a achieve of 0.3%. On an annual foundation, U.S. CPI superior 4.8%, decrease than market expectations for a 5% improve.