Economic news

Dollar steady at 4-1/2-month high ahead of U.S. consumer price data

The dollar was stable on Thursday after the 10-year U.S. bond yield surged above the key 3 percent level and traders awaited U.S. consumer price figures later in the day.

Photo: Reuters

The dollar index was firm at 93.02 after touching a 4-1/2-month peak of 93.42, extending its increase from its April trough to 4.7 percent.

The greenback was virtually flat at 109.73 yen, trading close to its three-month top of 110.05 yen hit on May 2.

The euro slumped to a 4-1/2-month nadir of $1.1823 in the previous session, having declined in six of the last seven sessions. It last stayed at $1.1863.

Sterling last traded at $1.3561, near $1.3485 scaled on Monday.

The New Zealand dollar dropped 1.1 percent to a five-month low of $0.6916 after the Reserve Bank of New Zealand leaved interest rates unchanged.

Bitcoin was up 1.3 percent at $9,273.15 on Wednesday.


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