Dollar rises after US consumer price data

2021-01-13 22:15:38 GMT (Economies.com)
Dollar rises after US consumer price data

The US dollar rose against its major rivals on Wednesday, following the release of upbeat economic data.

 

The political turmoil continues as Democrats in the US Congress are pushing to impeach President Donald Trump and called on Vice President Mike Pence to invoke the 25th Amendment to remove Trump, but Pence dismissed this step.

 

US President Donald Trump described the House of Representatives attempts to impeach him as terrible and ridiculous, adding that the country could be face instability if gets removed from office.

 

Data showed today that the US consumer price index rose in by 0.4% during December, and the core reading (excluding energy and food prices) rose 0.1%, after rising by 0.2% in November. 

 

The dollar index rose against a basket of major currencies by 0.2% to 90.3 points as of 19:28 GMT, after hitting a high of 90.3 points and a low of 89.9 points.

 
 
 
  Symbol Last Change Chg.%
1.2125
0.0060
0.5006%
1.3680
0.0131
0.9643%
Tadawul
8878.30
-29.61
0.33%
25.757
0.852
3.419%
53.000
0.700
1.338%
56.08
-0.23
0.41%
1869.040
32.925
1.793%
 
 
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