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U.S. dollar skids as euro, sterling rise

NEW YORK
2022-10-14 04:38

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NEW YORK, Oct. 13 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday amid momentum in the euro and the British pound.

The dollar index, which measures the greenback against six major peers, decreased 0.84 percent to 112.3640.

In late New York trading, the euro rose to 0.9791 U.S. dollars from 0.9699 dollars in the previous session, and the British pound rose to 1.1321 U.S. dollars from 1.1092 dollars in the previous session. The Australian dollar was up to 0.6304 U.S. dollars from 0.6275 dollars.

The U.S. dollar bought 147.17 Japanese yen, higher than 146.88 Japanese yen of the previous session. The U.S. dollar increased to 0.9989 Swiss francs from 0.9982 Swiss francs, and it decreased to 1.3734 Canadian dollars from 1.3824 Canadian dollars.

On the economic front, the U.S. Labor Department reported Thursday that the nation's consumer prices index (CPI) rose 0.4 percent in September, above the 0.2 percent consensus, for an 8.2 percent year-on-year increase. The core CPI, which excludes food and energy, rose 0.6 percent, also above consensus, for a 6.6 percent year-on-year increase.
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