The US dollar rallied against most major currencies on Wednesday, after the release of inflation data, which has contributed in lifting the US Treasury bond yields.

President of the Federal Reserve Bank of St. Louis James Bullard projected yesterday that the US inflation rate will rise above the Fed's target of 2% during 2022.

The US Department of the Treasury revealed today that the budget deficit reached $225.5 billion last month, to a total of $1.9 trillion during the first 7 months of the fiscal year.

Data showed that the US consumer price index rose 0.8% in April, beating forecasts of a rise by 0.2%, and the core reading for the same index (excluding energy and food prices) rose by 0.9% in April, higher than forecasts of 0.3%.

The US Treasury bond yields rose above 1.671% today, which weighs down on stocks and commodity currencies.

The dollar index rose against a basket of major currencies by 0.6% to 90.7 points as of 18:56 GMT, after hitting a high of 90.8 points and a low of 90.1 points.

Gold prices fell on Wednesday, after the release of inflation data, which has contributed in lifting the US Treasury bond yields and the US dollar against most major currencies.

The US Department of the Treasury revealed today that the budget deficit reached $225.5 billion last month, to a total of $1.9 trillion during the first 7 months of the fiscal year.

Data showed that the US consumer price index rose 0.8% in April, beating forecasts of a rise by 0.2%, and the core reading for the same index (excluding energy and food prices) rose by 0.9% in April, higher than forecasts of 0.3%.

The US Treasury bond yields rose above 1.671% today, which weighs down on stocks and commodity currencies.

The dollar index rose against a basket of major currencies by 0.6% to 90.7 points as of 18:58 GMT, after hitting a high of 90.8 points and a low of 90.1 points.

Gold June futures fell 0.7% or $13.3, and closed at $1,822.8 an ounce.

Silver prices fell on Wednesday, as the US dollar rallied against most major currencies lifted by the US Treasury bond yields rise following the US inflation data.

The US Department of the Treasury revealed today that the budget deficit reached $225.5 billion last month, to a total of $1.9 trillion during the first 7 months of the fiscal year.

Data showed that the US consumer price index rose 0.8% in April, beating forecasts of a rise by 0.2%, and the core reading for the same index (excluding energy and food prices) rose by 0.9% in April, higher than forecasts of 0.3%.

The US Treasury yields rose above 1.671% today, which weighs down on stocks and commodity currencies.

The dollar index rose against a basket of major currencies by 0.6% to 90.7 points as of 21:03 GMT, after hitting a high of 90.8 points and a low of 90.1 points.

Silver July futures fell 1.5% or 42 cents, and closed at $27.24 an ounce.

The main US stock benchmarks fell on Tuesday, weighed down by the 10-year US Treasury bond yields rally following the release of inflation data.

The US Department of the Treasury revealed today that the budget deficit reached $225.5 billion last month, to a total of $1.9 trillion during the first 7 months of the fiscal year.

Data showed that the US consumer price index rose 0.8% in April, beating forecasts of a rise by 0.2%, and the core reading for the same index (excluding energy and food prices) rose by 0.9% in April, higher than forecasts of 0.3%.

The US Treasury yields rose above 1.671% today, which weighs down on stocks and commodity currencies.

To the oil market, WTI crude June futures rose 1.2% or 80 cents, and closed at $66.08 a barrel, with a day high of $66.6 and a low of $64.9.

Brent June futures rose 1.1% or 77 cents, and closed at $69.32 a barrel, after hitting a day high of $69.9 and a low of $68.1.

As for stocks, Dow Jones fell 1.9% or 681 points, and closed at 33,587, with a day high of 34,207, and a low of 33,555.

Nasdaq fell 2.6% or 357 points to 13,031, with a high of 13,288 and a low of 13,002.

S&P 500 fell 2.1% or 89 points to 4,063, after hitting a high of 4,134 and a low of 4,056.