US dollar mixed amid upbeat data

GMT 04:40 2015 Saturday ,15 August

Arab Today, arab today US dollar mixed amid upbeat data

US dollar
New York - XINHUA

The U.S. dollar traded mixed against other major currencies on Friday amid the country's strong economic data.

The U.S. Producer Price Index for final demand advanced 0.2 percent in July, beating market consensus of 0.1-percent gain, the Labor Department said Friday.

Meanwhile, industrial production increased 0.6 percent in July after moving up 0.1 percent in June, the Federal Reserve said Friday.

The preliminary reading of Thomson Reuters/University of Michigan's consumer sentiment index came in at 92.9 for August, below market consensus of 93.5.

The economic data came out overall positive, bolstering market speculation for an interest-rate hike in September this year.

The dollar index, which measures the greenback against six major peers, was up 0.10 percent at 96.545 in late trading.

In late New York trading, the euro fell to 1.1119 dollars from 1.1135 dollars in the previous session, and the British pound climbed to 1.5651 dollars from 1.5612 U.S. dollars in the previous session. The Australian dollar rose to 0.7380 dollar from 0.7359 dollar.

The U.S. dollar bought 124.26 Japanese yen, lower than 124.45 yen of the previous session. The greenback hiked to 0.9773 Swiss franc from 0.9770 Swiss franc, and inched up to 1.3076 Canadian dollars from 1.3070 Canadian dollars.

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