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U.S. dollar edges up as traders await Fed decision

Tan KW
Publish date: Sat, 17 Sep 2022, 07:58 AM
Tan KW
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NEW YORK, Sept. 16 -- The U.S. dollar inched higher in late trading on Friday as market participants awaited a key decision by the Federal Reserve.

The dollar index, which measures the greenback against six major peers, increased 0.02 percent to 109.7640.

In late New York trading, the euro increased to 1.0006 U.S. dollars from 0.9996 dollars in the previous session, and the British pound was down to 1.1411 U.S. dollars from 1.1467 dollars in the previous session. The Australian dollar was up to 0.6707 U.S. dollars from 0.6703 U.S. dollars.

The U.S. dollar bought 142.98 Japanese yen, lower than 143.47 Japanese yen of the previous session. The U.S. dollar was up to 0.9648 Swiss francs from 0.9607 Swiss francs, and it rose to 1.3284 Canadian dollars from 1.3224 Canadian dollars.

The Fed will hold a two-day policy meeting next week. Recent data showed August U.S. consumer price index came in hotter than expected, boosting the likelihood of more aggressive rate hikes.

 


  - Xinhua

 

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