2023-12-22 17:39:42
US dollar
The US dollar fell once morest a basket of major currencies, on Friday, recording its lowest levels in regarding five months following data showed a slowdown in annual inflation in the United States in November, which strengthened market expectations regarding a reduction in interest rates in the United States next March.
As of November, the inflation rate in America, according to the personal consumption expenditures price index, was 2.6 percent, down from 2.9 percent in October.
Excluding the volatile food and energy components, the core personal consumption expenditures price index rose 3.2 percent year-on-year in November, the smallest rise since April 2021.
The Federal Reserve is closely monitoring personal consumption expenditures price measures in hopes of bringing inflation to its target of two percent.
Price movements
The dollar index fell in recent trading by 0.13 percent to 101.65, its lowest level since late July.
The index fell by more than two percent over the past two weeks and is heading to end the year with a decline of slightly less than two percent.
The pound sterling rose 0.28 percent to $1.2728 as traders digested data showing that British retail sales in November jumped more than expected, but third-quarter gross domestic product was revised down.
The dollar rose once morest the yen in the latest trading by 0.18 percent to 142.37 yen, following data showed core inflation in Japan slowed sharply in November.
The risk-sensitive Australian and New Zealand dollars were trading higher during the day. The Australian dollar rose in the latest trading by 0.12 percent to 0.6811 US dollars, following earlier touching 0.6825 US dollars, the highest level since July.
The New Zealand dollar was trading 0.24 percent higher at $0.6309, also the highest level in five months.
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