Friday, 16 November 2018 | 01:54 WIB

Dollar Exchange Rate Weakens Against Major Currencies

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NEW YORK, NNC - The US dollar exchange rate weakened against most other major currencies at the end of trading Thursday (Friday 9/14/2018 morning GMT) as investors considered some of the latest economic data.

The US Consumer Price Index (CPI) increased 0.2 percent in August on a seasonally adjusted basis, the US Department of Labor reported on Thursday (9/13). Meanwhile, economists surveyed by Reuters forecast a rise in CPI of 0.3 percent.

Increases in housing and energy indexes were the main contributors to the increase in US CPI.

In the week ending September 8, the figure for US initial jobless claims declined by 1,000 to 204,000 from the revised level the previous week, according to the Labor Department.

This is the lowest level for initial jobless claims since December 6, 1969 when it was 202,000.

The US dollar index, which measures the greenback against six other major currencies, fell 0.30 percent to 94.5207 in late trading.

In late New York trade, the euro rose to 1.1692 US dollars from 1.1631 dollars in the previous session, and the British pound rose to 1.3111 US dollars from 1.3055 US dollars in the previous session. The Australian dollar rose to 0.7195 dollars from 0.7177 dollars.

The US dollar bought 111.88 Japanese yen, higher than 111.23 Japanese yen in the previous session. The US dollar fell to 0.9659 Swiss francs from 0.9700 Swiss francs, and rose to 1.2990 Canadian dollars from 1.2987 Canadian dollars.