US dollar drops as traders take profits back

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US dollar drops as traders take profits back
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The dollar index, which measures the greenback against six major peers, was down 0.36 per cent at 102.2017 in late trading. theSun theSundaily USD Dollar news Finance economy

: The US dollar fell in late trading on Tuesday as market participants booked profits ahead of the release of the Us March inflation report, reported Xinhua.

In late New York trading, the euro was up to US$1.0908 from US$1.0859 in the previous session, and the British pound increased to US$1.2418 from US$1.2381 in the previous session. Market participants are waiting for the March readings of the US consumer price index and the US producer price index, which are scheduled to be released on Wednesday and Thursday, respectively.

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