Friday, 15 February 2019 23:21 WIB |
CURRENCIES |DOLLAR Indeks DolarDolar AS
The U.S. dollar was modestly higher on Friday morning, steadying after it whipsawed following a report showing import price data weakened for the third straight month in January, the latest sign of weak inflation pressures.
The dollar index, which measures the currency against a basket of six rivals, was 0.2 percent higher, recovering after a week that included several weak data reports, including dismal U.S. retail sales. Major currencies remained range-bound as the market awaited developments in trade talks between Washington and Beijing.
The Labor Department said on Friday that import prices decreased 0.5 percent last month as petroleum product costs fell and a strong dollar curbed prices for motor vehicles and consumer goods, leading to the largest annual drop in nearly 2-1/2 years.
After rising 1.6 percent so far in February, the dollar fell broadly on Thursday when poor U.S. retail sales suggested a sharp slowdown in economic activity at the end of 2018.
Source : Reuters