Dollar dips after U.S. consumer prices data

FILE PHOTO: A picture illustration of the U.S. dollar, Swiss franc, British pound and Euro bank notes
FILE PHOTO: A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel

January 12, 2022

NEW YORK (Reuters) – The U.S. dollar fell to a fresh two-month low against a basket of currencies on Wednesday after data showed U.S. consumer prices rose solidly in December, but in line with economists’ expectations.

The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was down 0.3% at 95.339, its lowest since Nov. 15.

(Reporting by Saqib Iqbal Ahmed; Editing by Chizu Nomiyama)