NEW YORK, FEBRUARY 9 (Xinhua) – The US dollar fell in late trading on Wednesday, a day before the release of long-awaited consumer price index (CPI) data.
The dollar index, which measures the dollar against six major comparable competitors, fell 0.15 percent to 95.4950 in late trading.
The US CPI for January 2022 is expected to show 7.3 percent of year-on-year growth and 0.5 percent month-on-month growth.
The US economy may be approaching a turnaround in inflation, said Atlanta Fed President Raphael Bostic on Wednesday.
At the end of New York trading, the euro rose to $ 1.1436 from $ 1.1418 in the previous session, and the British pound was down to $ 1.3537 from $ 1.3543 in the previous session.
The US dollar bought 115.4760 Japanese yen, lower than 115.54 Japanese yen from the previous session. The US dollar fell to 0.9238 Swiss francs from 0.9254 Swiss francs and it decreased to 1.2673 Canadian dollars from 1.2713 Canadian dollars. The US dollar fell to 9.1050 Swedish kronor from 9.1485 Swedish kronor.
Source: sn.dk