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U.S. dollar weakens as investors wait for CPI data

NEW YORK
2022-02-10 07:18

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NEW YORK, Feb. 9 (Xinhua) -- The U.S. dollar fell in late trading on Wednesday, one day ahead of the release of much-awaited consumer price index (CPI) data.

The dollar index, which measures the greenback against six major peers, fell 0.15 percent at 95.4950 in late trading.

U.S. CPI for January, 2022 is expected to post 7.3 percent of year-on-year growth and 0.5 percent of month-on-month expansion.

U.S. economy may be nearing a turn lower in inflation, said Atlanta Fed President Raphael Bostic on Wednesday.

In late New York trading, the euro increased to 1.1436 dollars from 1.1418 dollars in the previous session, and the British pound was down to 1.3537 dollars from 1.3543 U.S. dollars in the previous session.

The U.S. dollar bought 115.4760 Japanese yen, lower than 115.54 Japanese yen of the previous session. The U.S. dollar decreased to 0.9238 Swiss franc from 0.9254 Swiss franc, and it decreased to 1.2673 Canadian dollars from 1.2713 Canadian dollars. The U.S. dollar decreased to 9.1050 Swedish Krona from 9.1485 Swedish Krona.
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