© Reuters. The US dollar rises slightly ahead of the release of inflation data
FXNEWSTODAY – The dollar rose against most major currencies during trading today, Tuesday, in light of closely awaiting inflation data in the United States.
This week, investors are awaiting the release of key inflation data in the United States after a series of stronger-than-expected economic reports last week, which renewed fears that the Federal Reserve may raise interest rates more than previously expected.
According to a Reuters poll, the inflation rate in the United States rose 0.6% in August compared to 0.2% the previous month.
Later this September, the US Federal Reserve will hold its regular meeting to discuss the course of monetary policy, and expectations largely indicate that the Federal Reserve will hold interest rates.
Today, the eyes of Apple fans are also directed towards the technology company’s annual conference, where it will announce its new versions of the iPhone, in addition to other newer devices, including its smart watch, iPad tablet computer, and others.
In terms of trading, it rose by 21:25 GMT by 0.1% to 104.6 points, and recorded the highest level at 104.9 points and the lowest level at 104.4 points.
Sterling pound
The American fell at 21:40 GMT by 0.1% to 1.2496.
Economic data showed an increase in the number of unemployment claims in the United Kingdom by 0.9 thousand applications last August, while expectations indicated an addition of 17.1 thousand applications.
Australian dollar
The Australian dollar fell against its US counterpart by 21:42 GMT by 0.1% to 0.6425.
Canadian dollar
The Canadian dollar fell against its US counterpart by 21:42 GMT by 0.1% to 0.7378.
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2023-09-13 12:08:00
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