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U.S. dollar stays practically flat

NEW YORK, Aug. 7 (Xinhua) — The U.S. dollar stayed practically flat on Monday, as buyers had been ready for the U.S. inflation knowledge this week.

The dollar index, which measures the dollar in opposition to six main friends, rose 0.03 % to 102.0423 in late buying and selling.

The U.S. client credit score elevated at a seasonally adjusted annual fee of 4 % in the course of the second quarter, the Federal Reserve mentioned on Monday.

Revolving credit score grew at an annual fee of seven.1 %, whereas non-revolving credit score expanded at an annual fee of three %. In June, client credit score elevated at an annual fee of 4.3 %.

Meanwhile, the Investor Movement Index (IMX) edged to five.53 in July, up barely from 5.46 in June, TD Ameritrade reported on Monday.

The IMX is TD Ameritrade’s proprietary, behavior-based index, aggregating Main Street investor positions and exercise within the markets.

German industrial manufacturing dropped 1.5 % in June in contrast with the earlier month, the German federal statistics workplace mentioned on Monday, underlining the challenges confronted by manufacturing amid a downturn in Europe’s largest economic system.

In late New York buying and selling, the euro fell to 1.1007 U.S. {dollars} from 1.1009 {dollars} within the earlier session, and the British pound rose to 1.2784 U.S. {dollars} from 1.2754 {dollars}.

The U.S. dollar purchased 142.4180 Japanese yen, greater than 141.86 Japanese yen of the earlier session. The U.S. dollar rose to 0.8730 Swiss francs from 0.8727 Swiss francs, and it fell to 1.3364 Canadian {dollars} from 1.3379 Canadian {dollars}. The U.S. dollar was right down to 10.5779 Swedish Krona from 10.5834 Swedish Krona.