Japan's yen hits new 34-year low, U.S. dollar rises after inflation data

"With price growth running uncomfortably hot for five consecutive months, Fed officials are unlikely to provide much relief to fixed income markets at next week's meeting - a 'hawkish hold' has become overwhelmingly probable - suggesting that the dollar should remain aloft for now," wrote Corpay Chief Market Strategist Karl Schamotta in a note after the PCE report. Read the CNBC article here.