Skip to playerSkip to main content
  • 2 years ago
Dollar rises to 3-month high compared to 6 major peers
Transcript
00:00 The dollar rose to a three-month high against its peers as traders remain unconvinced the
00:05 Federal Reserve will implement interest rate cuts as inflation remains unchanged.
00:09 The U.S. Consumer Price Index in January rose by 3.1 percent compared to last year,
00:15 which has pitted against a 2.9 percent rise in money markets. On the other hand,
00:20 the dollar index, which measures the greenback's performance against six major peers, showed
00:25 the currency traded 0.05 percent higher at 104.91 after touching a three-month high of 104.97.
Comments

Recommended