Mon, 18 Oct 2021

U.S. dollar slips amid CPI data

Xinhua
14 Oct 2021, 05:49 GMT+10

NEW YORK, Oct. 13 (Xinhua) -- The U.S. dollar weakened in late trading on Wednesday as market participants parsed a key inflation reading.

The dollar index, which measures the greenback against six major peers, fell 0.46 percent at 94.0877.

In late New York trading, the euro was up to 1.1588 U.S. dollars from 1.1529 dollars in the previous session, and the British pound rose to 1.3641 dollars from 1.3593 U.S. dollars in the previous session. The Australian dollar was up to 0.7374 U.S. dollar from 0.7353 dollar.

The U.S. dollar bought 113.36 Japanese yen, lower than 113.66 Japanese yen of the previous session. The U.S. dollar decreased to 0.9241 Swiss franc from 0.9308 Swiss franc, and it decreased to 1.2436 Canadian dollars from 1.2462 Canadian dollars.

On the data front, the U.S. Consumer Price Index (CPI) rose 0.4 percent in September, for a 5.4 percent year-over-year increase, the U.S. Bureau of Labor Statistics reported Wednesday. Economists expected to see a month-to-month increase of 0.3 percent or annualized rate of 5.3 percent, according to Dow Jones.

The core CPI, which excludes food and energy, rose 0.2 percent, for a 4.0 percent year-over-year increase.

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