US dollar firms ahead of key inflation data

US dollar firms ahead of key inflation data

NEW YORK, Feb. 10 (Xinhua) — The U.S. dollar strengthened in late trade on Friday as market participants awaited a key U.S. inflation report.

The dollar index, which measures the greenback against six major peers, rose 0.38 percent to 103.6290.

In late New York trading, the euro was down to US$1.0674 from US$1.0736 in the previous session, and the British pound was down to US$1.2048 from US$1.2117 in the previous session.

The US dollar bought 131.51 Japanese yen, down from 131.57 Japanese yen from the previous session. The US dollar rose to 0.9243 Swiss francs from 0.9224 Swiss francs, and it weakened to 1.3345 Canadian dollars from 1.3452 Canadian dollars. The US dollar climbed to SEK 10.4761 from SEK 10.3550.

Data released Friday showed a preliminary reading of the University of Michigan’s consumer sentiment index rose to 66.4 in February from 64.9 in January.

The more closely watched US consumer price index for January, a key measure of inflation, is released on Tuesday.


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