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  • NEWS Desk Global

DOLLAR JUMPS TO 6-MONTH HIGH AFTER DATA

Updated: Sep 15, 2023


The dollar index hit its highest level in six months on Thursday, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled it was finished with its rate hike cycle. U.S. retail sales increased 0.6% in August, more than the expected 0.2% rise, boosted by higher gasoline prices while weekly initial jobless claims rose to 220,000 but were below the 225,000 forecast. Rising gasoline prices also affected the latest inflation data, as the producer price index for final demand rose 0.7% last month, more than the 0.4% estimate.

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