The Australian and New Zealand dollar both gained against the dollar

The US dollar fell vs. major currencies as increased risk appetite after better-than-expected earnings from Intel. The consumer price index rose 0.7% in June from the previous month but fell 1.4% from the previous year is the biggest drop since January 1950. Industrial production fell 0.4% in June, slightly better than forecasts for a 0.6% fall. Capacity utilization fell to 67.9% in June from 68.0% the previous month. Investor optimism improved after better-than-expected earnings reports by