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

1 week ago 21

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

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US Dollar

Reuters  |  NEW YORK 

 Reuters

Photo: Reuters

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)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, January 12 2022. 19:55 IST

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