US dollar reaches three-week high on upbeat data - News Summed Up

US dollar reaches three-week high on upbeat data


US dollar reaches three-week high on upbeat dataReutersThe US dollar climbed to three-week peaks on Friday, still benefiting from better-than-expected US retail sales data released on Thursday that backed expectations for a reduction of asset purchases by the US Federal Reserve before the end of the year. The index rose 0.7 percent for the week. The US dollar on Friday rose 0.2 percent against the Swiss franc at SF0.9299, after earlier hitting a five-month high. The greenback rose 0.3 percent to ¥110.025. The US dollar also rose to a two-week high against the offshore yuan and was up 0.1 percent at 6.4642.


Source: Taipei Times September 18, 2021 15:56 UTC



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