Dollar falls after US inflation data

2021-09-14 20:40:47 GMT (Economies.com)
Dollar falls after US inflation data

The US dollar fell against most currencies on Tuesday, after the release of disappointing economic data.

 

The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%. 

 

The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.

 

Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.

 

Efforts to contain the coronavirus highly transmissible delta variant are continuing around the world by distributing more vaccines.

 

The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 18:10 GMT, after hitting a high of 92.6 points and a low of 92.3 points.

 
 
 
  Symbol Last Change Chg.%
1.1738
0.0024
0.2079%
1.3719
0.0043
0.3177%
Tadawul
11270.57
-40.58
0.36%
22.675
0.374
1.679%
73.451
2.518
3.550%
77.41
0.17
0.22%
1752.730
-4.075
0.232%
 
 
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