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U.S. dollar dips as euro climbs

NEW YORK
2022-09-01 05:02

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NEW YORK, Aug. 31 (Xinhua) -- The U.S. dollar declined in late trading on Wednesday amid strength in the euro.

The dollar index, which measures the greenback against six major peers, decreased 0.07 percent to 108.6980.

The euro advanced after Eurostat reported Wednesday that inflation in the eurozone hit a new record of 9.1 percent in August as energy and food prices continued to drift higher.

The red-hot inflation report bolstered calls for a big interest-rate hike when the European Central Bank meets next week, according to analysts.

In late New York trading, the euro rose to 1.0046 U.S. dollars from 1.0024 dollars in the previous session, and the British pound decreased to 1.1617 U.S. dollars from 1.1658 dollars in the previous session. The Australian dollar was down to 0.6849 U.S. dollars from 0.6857 U.S. dollars.

The U.S. dollar bought 138.74 Japanese yen, higher than 138.67 Japanese yen of the previous session. The U.S. dollar increased to 0.9762 Swiss francs from 0.9736 Swiss francs, and it increased to 1.3122 Canadian dollars from 1.3101 Canadian dollars.
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