U.S. dollar rises amid data

U.S. dollar rises amid data

The U.S. dollar rose in late trading as investors digested a batch of major economic data, Xinhua reports.

Total inventories of merchant wholesalers were 679.1 billion U.S. dollars at the end of July, up 0.2 percent from the revised June level and up 7.1 percent from the revised July 2018 level, the Census Bureau said on Wednesday.

The Producer Price Index (PPI) for final demand rose 0.1 percent in August, the U.S. Bureau of Labor Statistics reported on Wednesday. Yet the gain came lower than the 0.2 percent increase in July.

The dollar index, which measures the greenback against six major peers, rose 0.32 percent at 98.6476 in late trading.

In late New York trading, the euro was down to 1.1007 dollars from 1.1046 dollars in the previous session, and the British pound fell to 1.2324 dollars from 1.2353 U.S. dollars in the previous session. The Australian dollar increased to 0.6861 dollar from 0.6860 dollar.

The U.S. dollar bought 107.77 Japanese yen, higher than 107.43 Japanese yen of the previous session. The U.S. dollar increased to 0.9929 Swiss franc from 0.9909 Swiss franc, and it increased to 1.3193 Canadian dollars from 1.3150 Canadian dollars.