Selangor Journal
Gold US dollar bullion coins are seen in this photo illustration taken in Moscow, Russia, on August 4, 2017. — Picture by REUTERS

US dollar rises ahead of key inflation data

NEW YORK, Oct 11 — The US dollar appreciated in late trading on Monday as market participants awaited a key US inflation report, reported Xinhua.

The dollar index, which measures the greenback against six major peers, rose 0.31 per cent to 113.1450.

In late New York trading, the euro decreased to US$0.9706 from US$0.9737 in the previous session, and the British pound was down to US$1.1058 from US$1.1076 in the previous session. The Australian dollar fell to US$0.6298 from US$0.6369.

The US dollar bought 145.67 Japanese yen, higher than 145.34 Japanese yen of the previous session. The US dollar increased to 0.9994 Swiss francs from 0.9949 Swiss francs, and it rose to 1.3758 Canadian dollars from 1.3725 Canadian dollars.

Traders are looking to the September US consumer price index due on Thursday, for the latest indication of the inflation picture.

The US payrolls report for September released last week showed the labour market remains tight, supporting the case for the Federal Reserve to continue tightening policy aggressively.

— Bernama

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