Dollar gains after US inflation data
TLT•The US dollar rose after September consumer prices increased 0.6% month over month and 3.7% year over year, raising prospects of an interest-rate hike later this month.
1. Inflation rises
The US dollar rose against major currency peers on Wednesday after data showed consumer prices increased in September on higher gasoline costs. The Consumer Price Index rose 0.6% from August, when it increased 0.4%; year over year, the CPI advanced 3.7%, up from 3.4% in August.
2. Currency moves
The dollar was up 0.28% against the yen at 158.74. The dollar index, which tracks the currency against six peers, was up 0.44% at 102.62.
