HomeLatestU.S. dollar dips as euro climbs

U.S. dollar dips as euro climbs

NEW YORK, Aug. 31 (Xinhua) — The U.S. dollar declined in late buying and selling on Wednesday amid energy within the euro.

The dollar index, which measures the buck towards six main friends, decreased 0.07 % to 108.6980.

The euro superior after Eurostat reported Wednesday that inflation within the eurozone hit a brand new document of 9.1 % in August as vitality and meals costs continued to float increased.

The red-hot inflation report bolstered requires a giant interest-rate hike when the European Central Bank meets subsequent week, based on analysts.

In late New York buying and selling, the euro rose to 1.0046 U.S. {dollars} from 1.0024 {dollars} within the earlier session, and the British pound decreased to 1.1617 U.S. {dollars} from 1.1658 {dollars} within the earlier session. The Australian dollar was all the way down to 0.6849 U.S. {dollars} from 0.6857 U.S. {dollars}.

The U.S. dollar purchased 138.74 Japanese yen, increased than 138.67 Japanese yen of the earlier session. The U.S. dollar elevated to 0.9762 Swiss francs from 0.9736 Swiss francs, and it elevated to 1.3122 Canadian {dollars} from 1.3101 Canadian {dollars}.