US Dollar Falls Ahead of Key Inflation Data

NEW YORK, March 30 (Xinhua) -- The U.S. dollar weakened in late trade on Thursday as market participants looked forward to a key U.S. inflation report.

The dollar index, which measures the greenback against six major peers, fell 0.48 percent to 102.1516.

In late New York trading, the euro was up at US$1.0904 from $1.0843 in the previous session, and the British pound was up at US$1.2388 from $1.2314 in the previous session.

The US dollar bought 132.44 Japanese yen, down from 132.67 Japanese yen from the previous session. The US dollar fell to 0.9138 Swiss francs from 0.9190 Swiss francs and it fell to 1.3519 Canadian dollars from 1.3570 Canadian dollars. The US dollar fell to SEK 10.3649 from SEK 10.4090.

The February US personal consumption expenditure price index, the Federal Reserve's preferred measure of inflation, is released on Friday.

The US currency has come under pressure in March, as turmoil in the banking sector led investors to discount the likely peak in US interest rates.


https://nord.news/2023/03/30/us-dollar-falls-ahead-of-key-inflation-data/?feed_id=20866

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