The US dollar index was little changed at 101.40 as of 0505 GMT, after rising 0.36% on Thursday
TOKYO – The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing streak, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts.
The Japanese currency largely ignored data on Friday showing core consumer prices in Tokyo climbing at a faster-than-expected 2.4% in August, again topping the Bank of Japan's 2% target, although a measure that also strips out energy costs rose by just 1.6%. "The takeaway there – the highlight – is that the consumer was stronger than had previously been thought," he added. "The exceptionalism of the US was still evident in Q2."
It is on course for a 0.7% gain this week, which would be its best week since the start of April. Over August though, it is set for a drop of about 2.5%, which would be its worst month since November. The United States also sees the release of the core personal consumption expenditures price index, the Fed's preferred inflation gauge.The Australian and New Zealand dollars hung near their highest levels this year, with recent data pointing to less need for imminent rate cuts.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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