Don’t miss the latest developments in business and finance.

Dollar falls to 2-month low as US sees biggest gain in inflation since 1982

The U.S. dollar fell to a fresh two-month low against a basket of currencies on Wednesday after data showed U.S. consumer prices rose solidly in December, but in line with economists' expectations

Dollar
Photo: Reuters
Reuters NEW YORK
1 min read Last Updated : Jan 12 2022 | 7:55 PM IST

NEW YORK (Reuters) - The U.S. dollar fell to a fresh two-month low against a basket of currencies on Wednesday after data showed U.S. consumer prices rose solidly in December, but in line with economists' expectations.

The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was down 0.3% at 95.339, its lowest since Nov. 15.

 

(Reporting by Saqib Iqbal Ahmed; Editing by Chizu Nomiyama)

Also Read

Topics :US Dollar

First Published: Jan 12 2022 | 7:55 PM IST

Next Story