U.S. dollar falls after Fed chair Powell's comments

          Source: Xinhua| 2018-07-14 03:41:14|Editor: Mu Xuequan
          Video PlayerClose

          NEW YORK, July 13 (Xinhua) -- The U.S. dollar index decreased against other major currencies in late trading on Friday, as investors pondered over remarks from U.S. Federal Reserve Chairman Jerome Powell.

          Powell said on Thursday that the Trump administration's high tariffs against imports could be a negative for the U.S. economy.

          "If it works out other ways, so that we wind up having high tariffs on a lot of products and a lot of traded goods and services ... and that they become sustained for a long period of time ... that could be a negative for our economy," Powell said in a radio interview with Marketplace.

          Powell signaled that the central bank could slow the pace of rate hikes or even lower interest rates if the U.S. economy weakens.

          On the economic front, U.S. import prices decreased 0.4 percent in June, missing market estimates of a 0.1-percent gain, while prices for U.S. exports rose 0.3 percent, in line with market consensus, the Labor Department announced Friday.

          Meanwhile, U.S. Consumer Sentiment Index came in at 97.1 in July, below market expectation of 98.4, according to a survey released by the University of Michigan on Friday.

          The dollar index, which measures the greenback against six major peers, decreased 0.08 percent at 94.749 in late trading.

          In late New York trading, the euro rose to 1.1678 dollars from 1.1667 dollars in the previous session, and the British pound was up to 1.3228 dollars from 1.3208 U.S. dollars in the previous session. The Australian dollar climbed to 0.7414 dollar from 0.7403 dollar.

          The U.S. dollar bought 112.30 Japanese yen, lower than 112.51 Japanese yen of the previous session. The U.S. dollar fell to 1.0021 Swiss francs from 1.0027 Swiss francs, and it dipped to 1.3162 Canadian dollars from 1.3172 Canadian dollars.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011105091373227241
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲中文字幕在线天天更新 | 一级A午夜福利免费区 | 伊人小蛇婷婷色香综合缴缴情 | 亚洲国产日韩人妖另类 | 自拍欧美日韩一区二区三区 | 亚洲国产中字幕在线尤视频 |