The dollar index, which compares the greenback with a basket of six major currencies, fell 0.1% to 104.64 units.
The dollar index falls this Wednesday, September 13 after economic data in the United States that showed that the inflation accelerated in Augustalthough it did not move the ammeter in expectations about the trajectory of interest rate increases by the Federal Reserve.
He dollar indexwhich compares the greenback with a basket of six prominent currencies, fell 0.1%, to 104.64 units.
US inflation accelerated in August
He Consumer price index rose 0.6% last month, the biggest increase since June 2022, due to rising energy prices gasoline, showed the data of the work Department. Excluding the volatile food and energy components, the CPI rose 0.3%, moderated by a decline in the prices of used cars and trucks.
“The upward movement in headline inflation is a hoax, as it was driven primarily by a huge 10.5% jump in energy product prices,” he said. Brian Jacobsenchief economist at Annex Wealth Management in Menomonee Falls, Wisconsin.
“Deception can continue to be a headache for the Fedsince it has to explain why inflation is trending downward despite what people are seeing at the pump,” he added.
Dollar and other currencies
He euro fell 0.1% to $1.0738 ahead of the European Central Bank’s monetary policy announcement on Thursday.
The pound sterling It was trading practically stable at US$1.2497, after it was learned that the British economy contracted in July at an unexpectedly sharp pace.
He dollar It advanced 0.3 against its Japanese pair, to 147.53 yen. The Japanese currency continued to decline after Monday’s strong advancewhich translated into the yen’s biggest daily rise in two months.
Source: Ambito
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