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U.S. dollar mixed amid profit-taking, data

NEW YORK
2016-10-19 04:13

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The U.S. dollar traded mixed against other major currencies on Tuesday amid profit-taking and economic data.

The greenback had advanced nearly 3 percent since the end of September on expectations that the Federal Reserve may raise interest rate-hike by year-end. Investors took profits from recent gains on Tuesday.

On the U.S. economic front, the Consumer Price Index for all urban consumers increased 0.3 percent in September on a seasonally adjusted basis, on par with market consensus, the Labor Department reported Tuesday. Over the last 12 months, the all-items index rose 1.5 percent before seasonal adjustment.

The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 97.881 in late trading. In late New York trading, the euro fell to 1.0982 dollars from 1.0996 dollars, and the British pound rose to 1.2295 dollars from 1.2196 dollars. The Australian dollar increased to 0.7667 dollars from 0.7623 dollars. The dollar bought 103.87 Japanese yen, higher than 103.83 yen in the previous session. The dollar inched up to 0.9901 Swiss francs from 0.9888 Swiss francs, and it slipped to 1.3119 Canadian dollars from 1.3137 Canadian dollars.

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