The US dollar inched higher in late trading on Friday after a key US inflation measure showed signs of easing, reported Xinhua.
The dollar index, which measures the greenback against six major peers, increased 0.09 percent to 101.9240.
In late New York trading, the euro was down to US$1.0869 from US$1.0889 in the previous session, and the British pound decreased to US$1.2394 from US$1.2407 in the previous session.
The US dollar bought 129.92 Japanese yen, lower than the 130.21 Japanese yen of the previous session. The US dollar climbed to 0.9212 Swiss francs from 0.9198 Swiss francs, and it decreased to 1.3302 Canadian dollars from 1.3334 Canadian dollars. The US dollar rose to 10.3066 Swedish Kronor from 10.2691 Swedish Kronor.
The US Commerce Department reported Friday that the US Personal Consumption Expenditures price index excluding food and energy, the Fed’s preferred measure of inflation, increased 4.4 percent year on year in December, down from the 4.7-per cent reading in November and roughly in line with market consensus. The print was the slowest annual rate of increase since October 2021.
