The US dollar drops to its lowest levels

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The US dollar fell to its lowest level in three weeks Tuesday, after data showed a sharp increase in inflation in the United States in March, although that increase is not expected to change the Federal Reserve’s pledge to keep interest rates at very low levels for years to come. .

The consumer price index jumped 0.6 percent last month, the biggest increase since August 2012, after rising 0.4 percent in February.The dollar rose briefly after the publication of those data, before changing course and retreating to its lowest level in three weeks.

Markets are awaiting US retail sales data for March, which will be published on Thursday.

The dollar index fell 0.286 percent to 91.828 in late trading, its lowest level since March 23.

The greenback was also hit by a drop in US Treasury yields.

The euro rose 0.28 percent against the greenback to $ 1.1945.

The dollar fell 0.30 percent against the Japanese currency, to 109.10 yen.

The pound was little changed to hit $ 1.3748 late in the session, after the Bank of England said its chief economist would leave the Bank of England later this year.





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