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The dollar rose against most major currencies in today’s Friday trading as markets evaluated inflation data in the United States
Data released today showed that producer prices in the United States fell 0.1% on a monthly basis in December, compared to expectations for a rise of 0.1%.
Yesterday, data showed that core consumer price inflation – which excludes volatile food and energy components – slowed to 3.9% on an annual basis in the United States in December, after reaching 4% in November but is still higher. That compares with analyst expectations of 3.8% in the same period
On a monthly basis, the US CPI rose 0.3% in December, beating expectations for a 0.2% rise, while the core CPI rose 0.3% in line with expectations.
Additionally, the yield on two-year bonds – the most sensitive to interest rates – fell 8.5 basis points to 4.174% as of 6:25 p.m. Mecca time, the lowest since May.
The 10-year bond yield fell 3 basis points to 3.94%, while the 30-year bond yield stabilized at 4.175%.
In trading terms, the dollar index rose 0.2% to 102.4 points at 21:46 GMT, with its highest level at 102.5 points and its lowest level at 102.09 points.
sterling
The British pound fell 0.1% to 1.2751 against the U.S. dollar at 21:57 GMT.
Government data showed that the UK’s monthly gross domestic product recorded growth of 0.3% in November, compared to expectations for growth of 0.2%.
Australian dollar
The Australian dollar stabilized negatively against its US counterpart at the 0.6686 level at 21:57 GMT.
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