The U.S. dollar declined against most other major currencies on Wednesday as investors digested the newly-released import and export prices data.
U.S. import prices rose 0.1 percent in December following 0.8-percent advances in two of the previous three months, the Labor Department said Wednesday. The index has not recorded a monthly decline since falling 0.2 percent in July.
Prices for U.S imports increased 3.0 percent in 2017, after advancing 1.9 percent the previous year.
Meanwhile, prices for U.S. exports fell 0.1 percent in December, the first monthly decline for the index since a 0.1-percent decrease in June. Export prices rose 2.6 percent in 2017 following a 1.3-percent rise in 2016.
The dollar index, which measures the greenback against six major peers, decreased 0.19 percent at 92.351 in late trading.
In late New York trading, the euro rose to 1.1963 dollars from 1.1932 dollars in the previous session, and the British pound lost to 1.3513 dollars from 1.3533 U.S. dollars. The Australian dollar gained to 0.7839 dollar from 0.7824 dollar.
The U.S. dollar bought 111.32 Japanese yen, lower than 112.61 yen of the previous session. The U.S. dollar fell to 0.9778 Swiss franc from 0.9832 Swiss francs, and it moved up to 1.2575 Canadian dollars from 1.2459 Canadian dollars.
U.S. import prices rose 0.1 percent in December following 0.8-percent advances in two of the previous three months, the Labor Department said Wednesday. The index has not recorded a monthly decline since falling 0.2 percent in July.
Prices for U.S imports increased 3.0 percent in 2017, after advancing 1.9 percent the previous year.
Meanwhile, prices for U.S. exports fell 0.1 percent in December, the first monthly decline for the index since a 0.1-percent decrease in June. Export prices rose 2.6 percent in 2017 following a 1.3-percent rise in 2016.
The dollar index, which measures the greenback against six major peers, decreased 0.19 percent at 92.351 in late trading.
In late New York trading, the euro rose to 1.1963 dollars from 1.1932 dollars in the previous session, and the British pound lost to 1.3513 dollars from 1.3533 U.S. dollars. The Australian dollar gained to 0.7839 dollar from 0.7824 dollar.
The U.S. dollar bought 111.32 Japanese yen, lower than 112.61 yen of the previous session. The U.S. dollar fell to 0.9778 Swiss franc from 0.9832 Swiss francs, and it moved up to 1.2575 Canadian dollars from 1.2459 Canadian dollars.
Latest comments