Home Economy The US dollar rises as the euro and the pound sterling falls

The US dollar rises as the euro and the pound sterling falls

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New York, July 30 (Xinhua)-The US dollar rose in late Friday trading amid a slump in the euro and pound sterling.

The dollar index, which measures greenbacks for the six major peers, increased 0.33 percent to 92.1701.

In the second half of New York trading, the euro fell from $ 1.1890 in the previous session to $ 1.1857 and the pound sterling fell from $ 1.3967 in the previous session to $ 1.3891. The Australian dollar fell from $ 0.7400 to $ 0.7335.

The US dollar bought 109.75 yen, which is higher than 109.46 yen in the previous session. The US dollar ranged from CHF 0.9055 to CHF 0.9061 and from CAD 1.2439 to CAD 1.2478.

Market participants analyzed key indicators of inflation in the United States.

The US Department of Commerce reported on Friday that the price index for consumer spending (PCE), excluding food and energy, rose 0.4% last month.

The so-called core PCE price index rose 3.5% from a year ago to June, following a 3.4% year-on-year…

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