Thursday, 15 October 2015 19:29
NEW YORK: The dollar strengthened against a basket of currencies on Thursday as a stronger-than-expected 0.2 percent rise in core US consumer prices in September revived bets domestic inflation is edging closer to the Federal Reserve’s 2 percent target.
Last month’s pickup in underlying inflation trend may tip Fed policy-makers to end the central bank’s near zero interest rate policy later this year.
The dollar index was last up 0.6 percent at 94.493after hitting a seven-week low of 93.806 earlier Thursday.
