By Karen Brettell
NEW YORK (Reuters) – The dollar dropped sharply on Wednesday after data showed that U.S. consumer prices rose less than expected in March, possibly reducing the odds that the Federal Reserve will continue to hike interest rates.
The Consumer Price Index (CPI) rose by 0.1% in March, below economists’ expectations for a 0.2% gain. Core prices came in as expected, with a 0.4% increase.
The dollar index dropped to 101.52, from around 102.11 before the data. The euro got as high as $1.09900, the highest since Feb. 2. The dollar dipped to 132.81 Japanese yen, from around 133.85 before the data.
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Currency bid prices at 8:39AM (1239 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 101.6100 102.1200 -0.48% -1.817% +102.1600 +101.5000
Euro/Dollar $1.0975 $1.0914 +0.57% +2.43% +$1.0990 +$1.0913
Dollar/Yen 132.9450 133.7100 -0.58% +1.40% +134.0400 +132.7400
Euro/Yen 145.89 145.89 +0.00% +3.98% +146.3800 +145.8000
Dollar/Swiss 0.8977 0.9034 -0.64% -2.93% +0.9034 +0.8970
Sterling/Dollar $1.2451 $1.2427 +0.20% +2.96% +$1.2470 +$1.2400
Dollar/Canadian 1.3447 1.3466 -0.15% -0.77% +1.3489 +1.3435
Aussie/Dollar $0.6710 $0.6654 +0.89% -1.52% +$0.6723 +$0.6649
Euro/Swiss 0.9851 0.9855 -0.04% -0.44% +0.9870 +0.9841
Euro/Sterling 0.8812 0.8782 +0.34% -0.36% +0.8819 +0.8781
NZ $0.6228 $0.6192 +0.61% -1.88% +$0.6242 +$0.6184
Dollar/Dollar
Dollar/Norway 10.4270 10.5470 -1.13% +6.26% +10.5670 +10.4130
Euro/Norway 11.4506 11.5157 -0.57% +9.12% +11.5460 +11.4319
Dollar/Sweden 10.3278 10.4583 -0.52% -0.77% +10.4554 +10.3070
Euro/Sweden 11.3365 11.3953 -0.52% +1.68% +11.4125 +11.3225
(Reporting by Karen Brettell; Editing by Bernadette Baum)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.