Xinhua
16 Sep 2021, 01:19 GMT+10
NEW YORK, Sept. 15 (Xinhua) -- The U.S. dollar inched lower in late trading on Wednesday as market participants continued to digest key inflation readings.
The dollar index, which measures the greenback against six major peers, fell 0.09 percent at 92.5425.
In late New York trading, the euro rose to 1.1808 U.S. dollars from 1.1807 dollars in the previous session, and the British pound was up to 1.3833 dollars from 1.3814 U.S. dollars in the previous session. The Australian dollar rose to 0.7326 U.S. dollar from 0.7318 dollar.
The U.S. dollar bought 109.39 Japanese yen, lower than 109.61 Japanese yen of the previous session. The U.S. dollar increased to 0.9198 Swiss franc from 0.9193 Swiss franc, and it was down to 1.2641 Canadian dollars from 1.2686 Canadian dollars.
The above market moves came after data showed a key U.S. inflation reading was tamer than expected.
The U.S. Bureau of Labor Statistics reported Tuesday that the country's CPI rose 0.3 percent in August for a 5.3-percent year-over-year gain, slightly below the 0.4-percent monthly consensus, but in line with the year-over-year consensus.
The core CPI, which excludes volatile food and energy prices, rose 0.1 percent for a 4.0-percent year-over-year increase, showed the report.
Inflation is among the major economic indicators monitored by the U.S. Federal Reserve when deciding monetary policy.
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