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Written by ABC AUDIO on November 15, 2022
NEW YORK, Nov. 15 (Xinhua) — The U.S. dollar weakened in late trading on Tuesday as market participants digested the newly-released October U.S. producer price index (PPI) report.
The dollar index, which measures the greenback against six major peers, fell 0.24 percent to 106.4070.
In late New York trading, the euro was up to 1.0365 U.S. dollars from 1.0354 dollars in the previous session, and the British pound increased to 1.1873 U.S. dollars from 1.1779 dollars in the previous session.
The U.S. dollar bought 139.13 Japanese yen, lower than 139.88 Japanese yen of the previous session. The U.S. dollar rose to 0.9424 Swiss francs from 0.9415 Swiss francs, and it fell to 1.3285 Canadian dollars from 1.3286 Canadian dollars. The U.S. dollar was up to 10.4530 Swedish Kronor from 10.4512 Swedish Kronor.
The U.S. Labor Department reported Tuesday that the country’s PPI, a measure of wholesale inflation, rose 0.2 percent in October, below the 0.4 percent consensus. On a year-over-year basis, PPI rose 8 percent compared to an 8.4 percent increase in September. BLACK PANTHER 2 WAKANDA FOREVER Watch Online AVATAR 2 THE WAY OF WATER Watch Online SMILE Watch Online HALLOWEEN ENDS Watch Online THE WOMAN KING Watch Online TERRIFIER 2 Watch Online ONE PIECE FILM RED Watch Online BLACK ADAM Watch Online TOP GUN MAVERICK Watch Online LYLE, LYLE, CROCODILE Watch Online HOCUS POCUS 2 Watch Online HIGH & LOW THE WORST X CROSS Watch Online DC LEAGUE OF SUPER-PETS Watch Online ORPHAN FIRST KILL Watch Online DRAGON BALL SUPER HERO Watch Online PREY FOR THE DEVIL Watch Online TICKET TO PARADISE Watch Online DON’T WORRY DARLING Watch Online THE GREATEST LIE EVER SOLD Watch Online THOR LOVE AND THUNDER Watch Online
The report came after data released last week showing a smaller-than-expected increase in October U.S. consumer inflation.
While signs of improvement in U.S. inflation raised the odds for a smaller hike in Federal Reserve’s December meeting, it’s premature to conclude a dovish Fed pivot is on the way, experts noted. wasdagf qawesdgfqwasfg aesdgwesdg
