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The dollar rises as investors await US inflation data

by Alexandra Hartman Editor-in-Chief

The dollar rose broadly on Friday, as investors remained risk-averse ahead of US inflation data next week.

The dollar index, which measures the performance of the US currency once morest a basket of currencies, rose 0.155 percent to 103.34, following falling 0.24 percent in the previous session. The index is heading for gains for the second week in a row, which it has not recorded since last October.

The euro fell 0.15 percent to 1.072 dollars, heading for losses for the second week in a row, while the pound sterling fell in the latest transactions by 0.24 to 1.2093 dollars, and the yen fell 0.12 percent to 131.74 per dollar.

The Australian dollar also fell 0.20% to $0.692, and the New Zealand dollar fell 0.24% to $0.631.

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