Dollar slips after U.S. consumer prices data

Dollar slips after U.S. consumer prices data

Dollar slips after U.S. consumer prices data

The dollar slipped against a basket of currencies on Friday after data showed USA consumer prices rose less than expected in September, pointing to muted inflation that could worry Federal Reserve officials.

The dollar index, which tracks the USA currency against a basket of six major peers, was steady at 93.083, but poised to shed 0.8 percent for the week. On Thursday, economic data showed that producer prices increased 0.4% last month on a year-over-year basis.

Speaking with reporters after giving a talk on low interest rates in Salt Lake City, Williams also said he would be strongly opposed to replacing the Fed's 2-percent inflation target with a range, saying that doing so could allow inflation expectations to drift downward.

"There are some encouraging nascent signs that there are building inflationary pressures, but with respect to looking at data points, we must acknowledge that these will be noisy data series", Northey said, referring the effects of Hurricanes Harvey and Irma which battered USA cities in recent weeks.

PNC Financial's profit rises 14.1 pct on higher interest rates
After a recent look, shares have been seen 8.88% from the 200-day moving average, and 4.04% from the 50-day moving average. It improved, as 59 investors sold PNC shares while 347 reduced holdings. 41 funds opened positions while 138 raised stakes.

Against the Japanese yen, the greenback fell to a more than two-week low of 111.7 yen. "It puts the December rate hike more into question".

While the Fed's policy is still uncertain and while investors are hopeful of a hawkish policy change, the Bank of Japan has reported that they intend to maintain the current ultra-loose policy.

The Australian bonds tilted slightly on the upside tracking similar movement in the U.S. Treasuries after the Federal Reserve policymakers remain largely divided over the inflation outlook of the country and the path of rate hikes in the economy.

The euro was also steady at $1.1833, up 0.9 percent for the week.

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