Dollar edges up after US consumer prices rise more than expected

Dollar edges up after US consumer prices rise more than expected
Dollar edges up after US consumer prices rise more than expected

Hello and welcome to the details of Dollar edges up after US consumer prices rise more than expected and now with the details

Nevin Al Sukari - Sana'a - The dollar index rose 0.379 per cent at 106.060, while the euro was down 0.4 per cent to US$1.0575. — Reuters pic

NEW YORK, Oct 12 — The dollar strengthened today after US consumer prices rose more than expected in September influenced by higher gasoline prices, suggesting the Federal Reserve may keep interest rates elevated for some time.

The consumer price index increased 0.4 per cent last month after a 0.3 per cent gain in August, the Labour Department said. The CPI jumped 0.6 per cent in August, which was the largest increase in 14 months.

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The dollar index rose 0.379 per cent at 106.060, while the euro was down 0.4 per cent to US$1.0575. — Reuters

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