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U.S. Dollar up Amid Data, Yellen's Comments-Oct 16
 

The U.S. dollar rose against other major currencies Monday, as investors mainly digested inflation data and comments from the Federal Reserve Chair Janet Yellen.

U.S. Labor Department said on Friday its Consumer Price Index for All Urban Consumers jumped 0.5 percent in September on a seasonally adjusted basis. Over the last 12 months, the all items index rose 2.2 percent.

That data came after minutes from the Federal Reserve's September meeting released earlier last week showed that policymakers are open to a December interest-rate hike despite concerns about low inflation levels.

Meanwhile, traders were digesting the latest comments from Yellen on Sunday in an international banking seminar.

Yellen said that "economic activity in the United States has been growing moderately so far this year, and the labor market has continued to strengthen."

Analysts said her remarks suggested that the central bank will soon resume raising interest rates to reflect the strengthening economy.

The dollar index, which measures the greenback against six major peers, was up 0.10 percent at 93.188 in late trading.

In late New York trading, the euro decreased to 1.1809 dollars from 1.1819 dollars in the previous session, and the British pound decreased to 1.3260 dollars from 1.3291 U.S. dollars in the previous session. The Australian dollar decreased to 0.7859 dollar from 0.7885 dollar.

The dollar bought 111.89 Japanese yen, higher than 111.87 yen of the previous session. The U.S. dollar rose to 0.9749 Swiss franc from 0.9744 Swiss franc, and it was up to 1.2519 Canadian dollars from 1.2482 Canadian dollars.

 


(www.chinaview.cn 2017-10-17)
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