Market News
Dollar scales six month peak as US inflation comes in focus - REUTERS
By Medha Singh and Brigid Riley
- Yen slips past 155 per dollar to more than 3-month low
- Euro hovers near one-year low at 1.06105
- Dollar index rises for the fourth straight session
- U.S. CPI data due at 1330 GMT
Nov 13 (Reuters) - The U.S. dollar scaled a fresh 6-1/2-month peak against other major currencies on Wednesday and the Japanese yen fell to its lowest level since July, driven by so-called "Trump trades" ahead of key U.S. inflation data later in the day.
The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, which sent the U.S. currency to its highest level since May 1 at 106.21 against a basket of currencies.
