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Dollar close to 1-week low against euro
Tuesday, January 24th, 2012LONDON (AFX - London 1612 GMT London 1324 GMT) - The dollar weakened to levels not seen in nearly a week, dented by news of benign inflationary pressures in the US which weighed on the chances of a rate hike over the coming months.
The euro nudged up over half a cent after the afternoon’s data, to levels in the mid-1.28 usd area.
The much awaited US CPI data came in below expectations, with the core rate dropping to 0.2 pct in July from 0.3 pct in June. The headline CPI rate, meanwhile, rose by 0.4 pct in line with expectations. Read the rest of this entry »
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