Make Kitco Your Homepage

Dollar index holds losses after in-line U.S. CPI data

Kitco News

NEW YORK (Reuters) - The dollar remained at lower levels versus a basket of currencies on Wednesday as U.S. consumer prices were unchanged in November, matching analysts’ forecasts and supporting the view that underlying inflation trend stayed firm.

At 8:35 a.m. (1335 GMT), an index that tracks the greenback against the euro, yen, sterling and three currencies .DXY was 0.12 percent lower at 97.276. It touched a near one-month high of 97.545 on Tuesday.

Reporting by Richard Leong

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.