NEW YORK, July 13 (Xinhua) — The U.S. dollar decreased in late buying and selling on Wednesday amid a momentum within the British pound.
The dollar index, which measures the buck towards six main friends, was down 0.09 p.c to 107.9710.
Sterling climbed after the Office for National Statistics stated Wednesday that the United Kingdom’s gross home product grew by 0.5 p.c in May after a decline of 0.2 p.c in April. The print was increased than market estimates.
In late New York buying and selling, the euro rose to 1.0063 U.S. {dollars} from 1.0047 {dollars} within the earlier session, and the British pound elevated to 1.1903 {dollars} from 1.1898 U.S. {dollars} within the earlier session. The Australian dollar was as much as 0.6767 U.S. dollar from 0.6766 dollar.
The U.S. dollar purchased 137.33 Japanese yen, increased than 136.76 Japanese yen of the earlier session. The U.S. dollar decreased to 0.9793 Swiss franc from 0.9817 Swiss franc, and it fell to 1.2970 Canadian {dollars} from 1.3008 Canadian {dollars}.
Traders additionally parsed a hotter-than-expected U.S. inflation report.
The U.S. Labor Department stated Wednesday that U.S. shopper value index rose 1.3 p.c in June for a 9.1 p.c year-on-year improve. The studying marks the most important 12-month rise for the reason that interval ending November 1981, and up from an 8.6 p.c bounce in May.