Thu, 13 Aug 2020

U.S. dollar falls amid economic data

Xinhua
15 Jul 2020, 06:05 GMT+10

NEW YORK, July 14 (Xinhua) -- The U.S. dollar decreased in late trading on Tuesday as market participants digested a slew of economic data.

The dollar index, which measures the greenback against six major peers, slipped 0.21 percent at 96.2635.

In late New York trading, the euro rose to 1.1393 U.S. dollars from 1.1352 dollars in the previous session, and the British pound decreased to 1.2555 dollars from 1.2570 U.S. dollars in the previous session. The Australian dollar was up to 0.6968 U.S. dollar from 0.6963 dollar.

The U.S. dollar bought 107.20 Japanese yen, lower than 107.28 Japanese yen of the previous session. The U.S. dollar fell to 0.9391 Swiss franc from 0.9416 Swiss franc, and it increased to 1.3621 Canadian dollars from 1.3587 Canadian dollars.

On the economic front, the Consumer Price Index (CPI) for All Urban Consumers in the United States increased 0.6 percent in June on a seasonally adjusted basis after falling 0.1 percent in May, the U.S. Bureau of Labor Statistics reported Tuesday. The so-called core CPI, which strips out food and energy, rose 0.2 percent in June, its first monthly increase since February.

The U.S. currency, commonly viewed as a safe haven, was also under pressure amid a strong momentum on the equities market with the Dow up about 400 points in the afternoon session on Tuesday.

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