Foreign Exchange Market Update

July 14, 2026

United States Consumer Prices Fall 0.4% in June

Largely reflecting a sharp pullback in energy prices, the Labor Department released a report on Tuesday showing that consumer prices in the U.S. decreased in June. The Labor Department said its consumer price index fell by 0.4% in June after climbing by 0.5% in May. The pullback by the consumer price index marked the largest one-month decline since April 2020, when it slid by 0.8%.

The report also said the annual rate of consumer price growth slowed from 4.2% in May to 3.5% in June. The monthly decrease in consumer prices largely reflected the steep drop in energy prices, which plunged by 5.7% in June after surging by 3.9% in May. Energy prices were still up by 15.7% compared to the same month a year ago. Meanwhile, the report said core consumer prices, which exclude food and energy prices, came in unchanged in June after rising by 0.2% in May.

The annual rate of growth of core consumer prices slowed to 2.6% in June from 2.9% in May. Prices were unchanged monthly as lower prices for motor vehicle insurance, communication, apparel, medical care, and used cars and trucks were offset by higher prices for recreation, household furnishings and operations, and personal care. 07/14/2026 - 09:33:00 (RTTNews)

German Wholesale Price Inflation at 3-Month Low

Euro traded at 1.1433 against USD at 9:00 AM PST

Germany's wholesale price inflation weakened to a three-month low in June. The wholesale price index grew at a pace of 4.9% yearly in June, slower than the 5.9% rise in May. This was the weakest rate since March, when the increase was 4.1%.

The 4.9% annual increase was largely attributable to the conflict in Iran and the Middle East, which resulted in higher wholesale prices of energy products and raw materials, in particular.

Wholesale prices of mineral oil products surged 21.7%, and those of non-ferrous ores advanced 31.0%. By contrast, wholesale prices of live animals, coffee, tea, cocoa, and spices decreased in June. Monthly, wholesale prices were down by 0.7% in June after posting a 0.6% fall. 07/14/2026 - 06:19:00 (RTTNews)

China Exports Growth Accelerated Sharply in June

China's export growth accelerated sharply in June, driven by robust demand for hi-tech products, suggesting that foreign demand provided momentum to economic growth in the second quarter. Exports advanced 27.0% on a yearly basis after rising 19.4% expansion in May.

Similarly, imports reported a double-digit annual growth of 36.0%, up from 27.4% in the previous month. The growth hit its strongest since June 2021. As a result, the trade surplus rose from $105.4 billion in May to $125.6 billion in June.

Exports to the U.S. moved up about 14% in June. At the same time, shipments to the Southeast Asian nations grew around 35%, and those to the European Union climbed 18.5%. In the first half of the year, exports increased 17.6%, and imports gained 26.6%. 07/14/2026 - 08:17:00 (RTTNews)