Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite. The so-called core CPI, which strips out food and energy costs, edged up just 0.1 percent in June.Food index was also unchanged in June, compared to a 0.2 percent growth in May. Although there was a revision to the last months headline number, the string of numbers were all lower than expectations.After surprisingly weak CPI inflation data, the dollar index sank to a new low of 95.186 Friday, the lowest since September of a year ago.The short-term range is 1.1312 to 1.1489. The yield was at 2.31 percent in late morning trading. After a rough start to the week driven by poor British economic numbers, the pound is now up nearly half a percent in trade-weighted terms, riding out a series of negative headlines on Brexit negotiations with the European Union. This could trigger an acceleration to the upside with the next target angles coming in at 1.1418 and 1.1452. The energy index fell 1.6 percent in the month following a 2.7 percent decline in May. It has made session high at 1.2754 and lows at 1.2646 levels.”Current market pricing suggests that the impact of these inflation related releases could be asymmetric, with higher inflation expectations leading towards a repricing of the US curve translating into dollar strength”, Morgan Stanley strategists wrote in a note.USA stock futures are still mixed but the Nasdaq futures are up 13 points (which is better).Other US data releases today pertained to June retail sales, a measure acting as a proxy for consumer spending. The currency traded in a range of C$1.2693 to C$1.2747.AUD/USD is supported around 0.7748 levels and now trading at 0.7812 levels. The Japanese yen strengthened 0.65 percent versus the greenback at 112.53 per dollar, while the Mexican peso gained 0.48 percent and the Canadian dollar rose 0.58 percent versus the greenback.The dollar was little changed against a group of peers early on Friday, as currency investors remained cautious ahead of USA inflation data due later in the session, which is expected to set the greenback´s near-term direction.The U.S. data bolstered expectations that the U.S. Federal Reserve would likely to move slowly to continue raising interest rates in the absence of inflation signs.Global sovereign yields had been rising for the few weeks before Yellen’s testimony on the belief that central banks were beginning to step away from extraordinary easing, led by the Fed.Equities have remained far more attractive than debt in investors’ search for yields. The Dow futures dropped 5 points or 0.02%, the S&P 500 futures were unchanged, while the Nasdaq 100 futures rose 13 points, or 0.23%.U.S. Treasury yields dropped to multi-week lows on Friday as benign U.S. inflation data in June and an unexpected fall in retail sales fueled doubts about an interest rate increase later this year. The German 10-year yield fell as much as 4 basis points to 0.49 percent, before paring declines to about 0.53 percent at the end of day.Royal Mail RMG.L shares fell 2.4 percent after it replaced its pension plan, giving employees a choice between defined benefit or contribution pension scheme after opposition from trade unions.USA government bonds strengthened Friday following another soft inflation reading.Chandler said in the near term, the euro could reach $1.16. It was poised for a weekly gain of 1.3 percent, the biggest since mid-May.U.S. West Texas Intermediate (WTI) crude futures CLc1 rose 46 cents to settle at $46.54 per barrel.The main range is 1.1118 to 1.1489.Brent crude futures, the worldwide benchmark for oil, were up 43 cents at US$48.85 per barrel.