Wed, 22 Sep 2021

U.S. dollar climbs as euro, sterling dip

Xinhua
31 Jul 2021, 14:30 GMT+10

NEW YORK, July 30 (Xinhua) -- The U.S. dollar strengthened in late trading on Friday, amid weakness in the euro and the British pound.

The dollar index, which measures the greenback against six major peers, increased 0.33 percent to 92.1701.

In late New York trading, the euro was down to 1.1857 U.S. dollars from 1.1890 dollars in the previous session, and the British pound decreased to 1.3891 dollars from 1.3967 U.S. dollars in the previous session. The Australian dollar decreased to 0.7335 U.S. dollar from 0.7400 dollar.

The U.S. dollar bought 109.75 Japanese yen, higher than 109.46 Japanese yen of the previous session. The U.S. dollar was up to 0.9061 Swiss franc from 0.9055 Swiss franc, and it was up to 1.2478 Canadian dollars from 1.2439 Canadian dollars.

Market participants parsed a key indicator on U.S. inflation.

Excluding food and energy, the personal consumption expenditures (PCE) price index increased 0.4 percent last month, the U.S. Commerce Department reported on Friday.

The so-called core PCE price index jumped 3.5 percent in June from a year ago, following a 3.4-percent year-on-year increase in May, showed the report. The core PCE price index is the Federal Reserve's preferred inflation measure for its flexible 2-percent target.

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