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Due to weak data, Fed uncertainty US dollar trade mixed
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IANS | 02 Aug, 2017
The US dollar traded mixed against other major currencies as weak US economic data kept the Federal Reserve's policy outlook uncertain.
In late New York trading on Tuesday, the euro fell to USD 1.1810 from USD 1.1825, and the British pound climbed to USD 1.3218 from USD 1.3193, Xinhua news agency reported.
The Australian dollar decreased to USD 0.7977 from USD 0.7990.
The US dollar bought 110.23 Japanese yen, lower than 110.37 yen of the previous session. The US dollar fell to 0.9652 Swiss franc from 0.9663 Swiss franc, and it edged up to 1.2526 Canadian dollars from 1.2478 Canadian dollars.
On the economic front, US personal income decreased less than 0.1 percent in June, below an expected 0.3 percent increase, according to the Commerce Department on Tuesday.
In June, personal consumption expenditures (PCE) increased USD 8.1 billion, or 0.1 percent.
Analysts said investors were becoming less certain that the Fed would raise interest rates again this year. Expectations for a rate hike in December stood at 52 percent on Tuesday, according to CME Group's FedWatch program.
The dollar index, which measures the greenback against six major peers, was up 0.10 percent at 92.956 in late trading.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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