US dollar rises ahead of CPI data, Fed meeting

US dollar rises ahead of CPI data, Fed meeting

NEW YORK, Dec. 12 (Xinhua) — The U.S. dollar strengthened in late trade Monday as market participants awaited a key U.S. inflation report and the Federal Reserve’s monetary policy meeting.

The US consumer price index (CPI) for November is released on Tuesday.

The Fed is expected to deliver another rate hike when it wraps up a two-day policy meeting on Wednesday.

The dollar index, which measures the greenback against six major peers, rose 0.31 percent to 105.1310 in late New York trading on Monday.

The euro fell to US$1.0525 from US$1.0547 in the previous session, and the British pound fell to US$1.2260 from US$1.2270 in the previous session.

The US dollar bought 137.76 Japanese yen, higher than 136.49 Japanese yen from the previous session. The US dollar rose to 0.9370 Swiss francs from 0.9337 Swiss francs and it increased to 1.3637 Canadian dollars from 1.3625 Canadian dollars. The US dollar rose to SEK 10.3423 from SEK 10.3124.





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