U.S. dollar rises ahead of key inflation data

NEW YORK, Jan. 10 (Xinhua) — The U.S. dollar appreciated in late trading on Monday as market participants are awaiting key inflation readings.

The dollar index, which measures the greenback against six major peers, increased 0.27 percent at 95.9906.

In late New York trading, the euro fell to 1.1322 U.S. dollars from 1.1362 dollars in the previous session, and the British pound was down to 1.3570 dollars from 1.3595 U.S. dollars in the previous session. The Australian dollar fell to 0.7169 U.S. dollar from 0.7184 dollar.

The U.S. dollar bought 115.21 Japanese yen, lower than 115.56 Japanese yen of the previous session. The U.S. dollar was up to 0.9272 Swiss franc from 0.9185 Swiss franc, and it was up to 1.2680 Canadian dollars from 1.2633 Canadian dollars.

Traders are turning their focus to inflation data as the December U.S. consumer price index is slated on Wednesday, while the producer price index is set for Thursday.

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