New York (ANTARA) – The U.S. dollar slid against a basket of other major currencies on Wednesday (Thursday morning WIB), amid a strengthening euro buoyed by the possibility that the European Central Bank (ECB) will aggressively raise interest rates. interest rate next week.
The dollar index, which measures dollar against its six main rivals, it fell 0.07% to 108.6980.
The euro strengthened after Eurostat announced on Wednesday (31/8/2022) that inflation in the euro zone had reached a new high of 9.1% in August, energy prices and food continuing to climb.
The hot inflation report prompted calls for a sharp hike in interest rates at next week’s European Central Bank meeting, analysts said.
Earlier, German inflation hit its highest level in nearly 50 years and a growing chorus of ECB officials calling for a big rate hike, led markets to forecast a 75 basis point rate hike the next day. next week.
At the close of trade in New York, the euro was up at US$1.0046 from US$1.0024 in the previous session, and the pound was down at US$1.1617 from 1.1658. US dollar in the previous session. The Australian dollar fell to US$0.6849 from US$0.6857.
The US dollar bought 138.74 Japanese yen, higher than 138.67 Japanese yen in the previous session. The US dollar fell from 0.9736 Swiss francs to 0.9762 Swiss francs and from 1.3101 Canadian dollars to 1.3122 Canadian dollars.
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