NEW YORK, Sept. 12 (Xinhua) — The U.S. dollar rose in late trade on Tuesday, as investors awaited Wednesday’s U.S. Consumer Price Index (CPI) report.
The dollar index, which measures the greenback against six major peers, rose 0.14 percent to 104.7119 in late trade.
The US small business optimism index released by the National Federation of Independent Business (NFIB) on Tuesday fell to 91.3 in August, the 20th straight month below the 49-year average of 98.
About 23 percent of small business owners reported that inflation was their single most important business concern, up two points from last month. The net percentage of owners who increased average sales prices increased by two points to a net 27 percent, still at an inflation rate.
In the euro area, the Office for National Statistics of Britain released the labor market report on Tuesday. Unemployment rose to 4.3 percent in the three months to July from 4.2 percent a month earlier, the highest since the three months to the end of September 2021, but average weekly earnings growth in the three months to July rose to 8, 5 percent on an annual basis. , up from 8.4 percent a month earlier and marking a new high, excluding distortions during the covid-19 pandemic, in records going back more than 20 years.
Investors believe that UK wage growth will put the Bank of England on track to raise interest rates again.
In late New York trading, the euro fell to US$1.0732 from US$1.0745 in the previous session, and the British pound fell to US$1.2485 from US$1.2509.
The US dollar bought 147.1020 Japanese yen, higher than 146.4880 Japanese yen from the previous session. The US dollar was up to 0.8912 Swiss francs from 0.8909 Swiss francs, and it was down to 1.3556 Canadian dollars from 1.3581 Canadian dollars. The US dollar was up to SEK 11.1007 from SEK 11.0756.
Source: sn.dk