Greenback hits 1-1/2 week peaks ahead of American economic reports
On Friday, the evergreen buck moved higher against other key currencies, as traders eyed the issue of American economic news due later in the day after mixed data on Thursday painted a mixed picture.
Market participants waited for the publication of American personal spending as well as consumer sentiment data, not to mention a report on manufacturing activity in the Chicago area for further clues on the strength of the American economy.
The currency pair EUR/USD slumped 0.35%, trading at 1.1179.
Friday’s official data disclosed that the euro zone’s consumer price inflation added by 0.4% this month, which is in line with forecasts and following a final outcome of +0.2% in August.
In September, core CPI, excluding energy, food, alcohol as well as tobacco costs, edged up by about 0.8%, compared to hopes for a 0.9% revenue and the previous month’s 0.8% surge.
USD/JPY stood still at 101.07, having achieved a one-week peak of 101.86 on Thursday.