US dollar firms on rate hike expectations
The US Commerce Department reported Tuesday that private sector housing starts in June were at a seasonally adjusted annual rate of 1.189 million units, 4.8 percent above the revised May estimate. The latest reading also beat market consensus of 1.170 million units. The US Commerce Department also announced on Friday that the advance estimate of retail and food services sales for June rose 0.6 percent from the previous month to 457.0 billion US dollars, beating market consensus of a 0.1 percent increase. The dollar index, which tracks the greenback against six major currencies, increased 0.10 percent to 97.161 in late trading Wednesday, the highest level in four months. In late New York trading, the euro fell to 1.1005 dollars from 1.1012 dollars in the previous session, and the British pound rose to 1.3148 dollars from 1.3092 dollars. The Australian dollar decreased to 0.7475 dollar from 0.7505 dollar. The US dollar bought 106.86 Japanese yen, higher than 106.04 yen of the previous session. The US dollar rose to 0.9875 Swiss franc from 0.9858 Swiss franc, and it edged up to 1.3062 Canadian dollars from 1.3034 Canadian dollars, Xinhua reported. (X.A026)
Editor: Ruslan Burhanihttp://www.antaranews.com/berita/574214/dolar-as-menguat-didorong-ekspektasi-kenaikan-suku-bunga