US Dollar Up 0.3% on Hot CPI

US dollar index rose 0.3% to 98.30, its best day since April 29, driven by hotter‑than‑expected April CPI.
April CPI rose 0.6% MoM and 3.8% YoY, beating consensus, while core CPI hit 0.4% MoM and 2.8% YoY.
Energy prices climbed 3.8% MoM (17.9% YoY) and gasoline surged 5.4% MoM (28.4% YoY), fueling inflation pressures.
Ongoing US‑Iran diplomatic deadlock and Trump’s remarks heightened safe‑haven demand, supporting the dollar’s rally.