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U.S. dollar mixed amid economic data

Xinhua, February 16, 2017 Adjust font size:

The U.S. dollar ended mixed against other major currencies on Wednesday amid a batch of economic data from the country.

The Consumer Price Index (CPI) for all urban consumers increased 0.6 percent in January on a seasonally adjusted basis, beating market consensus of 0.3 percent, the U.S. Labor Department reported Wednesday.

Over the last 12 months, the all items index rose 2.5 percent before seasonal adjustment.

The Commerce Department announced Wednesday that advance estimates of U.S. retail and food services sales for January 2017 came in at 472.1 billion U.S. dollars, an increase of 0.4 percent from the previous month and above market estimates of 0.1 percent.

Following a 0.6 percent increase in December, U.S. industrial production decreased 0.3 percent in January, missing market expectations, said the Federal Reserve Wednesday.

The greenback was boosted by the overall upbeat data in the morning session. The dollar index, which measures the greenback against six major peers, touched the highest level of 101.76 around noon. It then edged down to settle at 101.180 in late trading.

In late New York trading, the euro rose to 1.0587 dollars from 1.0574 dollars in the previous session, and the British pound fell to 1.2445 dollars from 1.2471 U.S. dollars in the previous session. The Australian dollar rose to 0.7700 U.S. dollar from 0.7651 U.S. dollar.

The U.S. dollar bought 114.27 Japanese yen, higher than 114.19 yen of the previous session. The U.S. dollar dropped to 1.0069 Swiss francs from 1.0070 Swiss francs, and it edged up to 1.3092 Canadian dollars from 1.3065 Canadian dollars. Enditem