HomeLatestU.S. dollar edges up as merchants await Fed determination

U.S. dollar edges up as merchants await Fed determination

NEW YORK, Sept. 16 (Xinhua) — The U.S. dollar inched greater in late buying and selling on Friday as market members awaited a key determination by the Federal Reserve.

The dollar index, which measures the buck in opposition to six main friends, elevated 0.02 % to 109.7640.

In late New York buying and selling, the euro elevated to 1.0006 U.S. {dollars} from 0.9996 {dollars} within the earlier session, and the British pound was all the way down to 1.1411 U.S. {dollars} from 1.1467 {dollars} within the earlier session. The Australian dollar was as much as 0.6707 U.S. {dollars} from 0.6703 U.S. {dollars}.

The U.S. dollar purchased 142.98 Japanese yen, decrease than 143.47 Japanese yen of the earlier session. The U.S. dollar was as much as 0.9648 Swiss francs from 0.9607 Swiss francs, and it rose to 1.3284 Canadian {dollars} from 1.3224 Canadian {dollars}.

The Fed will maintain a two-day coverage assembly subsequent week. Recent information confirmed August U.S. shopper value index got here in hotter than anticipated, boosting the chance of extra aggressive fee hikes.

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