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The dollar is down at its lowest level in a week

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rocky
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The dollar is down at its lowest level in a week

Post by rocky on Sat 12 Aug 2017, 3:18 am

The dollar is down at its lowest level in a week



12/08/2017

The dollar fell against a basket of currencies after data showed that US consumer prices rose less-than-expected in July, indicating a limited inflation could prompt the Federal Reserve to be cautious about raising interest rates again this year.

The US consumer price index rose 0.1 percent last month, after little change in June. Economists polled by Reuters had expected the index to rise 0.2 percent in July.

The dollar index, which tracks the performance of the greenback versus six major currencies, fell 0.37 percent to 93.052 after falling earlier in the session to a one-week low of 92.934.

The dollar fell to a 16-week low against the yen, but reduced its losses after Russian Foreign Minister Sergei Lavrov said there was a Russian-Chinese plan to defuse tension between the United States and North Korea.

http://aletejahtv.org/permalink/176443.html

    Current date/time is Sun 20 Aug 2017, 6:26 am