US dollar mixed on economic data

New York, Nov 18 (IANS) The US dollar traded mixed against other major currencies on Tuesday amid the country’s newly-released economic data.

The greenback was supported in early session by an increase in the US inflation. The US Consumer Price Index (CPI) for all urban consumers rose 0.2 percent in October on a seasonally adjusted basis, in line with market consensus, Xinhua cited the Labour Department report on Tuesday.

The index for all items less food and energy (core CPI) rose 0.2 percent in October, the same increase as in September. The core CPI has risen 1.9 percent over the past 12 months.

The US dollar pared some gains later as the country’s industrial data came out negative. US industrial production declined 0.2 percent in October after decreasing the same amount in September, according to statistics from the Federal Reserve on Tuesday.

The dollar index, which measures the greenback against six major peers, was up 0.17 percent at 99.613 in late trading.

In late New York trading, the euro fell to $1.0650 from $1.0678 in the previous session, and the British pound climbed to $1.5213 from $1.5197 in the previous session.

The Australian dollar rose to $0.7121 from $0.7091.

The US dollar bought 123.40 Japanese yen, higher than 123.28 yen of the previous session. It hiked to 1.0144 Swiss franc from 1.0101 Swiss franc, and went down to 1.3316 Canadian dollars from 1.3333 Canadian dollars.


Leave a Reply