The dollar slipped versus a basket of currencies on Friday after data showed USA consumer prices rose less than expected in September, pointing to muted inflation that could worry Federal Reserve officials who have been engaged in a vigorous debate on the United States inflation path.
The Australian dollar increased to $0.7785 from $0.7783. On Thursday, economic data showed that producer prices increased 0.4% last month on a year-over-year basis.
The dollar index, which measures the greenback against six major peers, was down 0.30 per cent at 93.008 in late trading.
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Oppenheimer Asset Management Inc. increased its holdings in shares of SeaWorld Entertainment by 3.0% during the second quarter. It is negative, as 40 investors sold JEC shares while 165 reduced holdings. 16 funds opened positions while 51 raised stakes.
Building expectations of a rate hike this year have limited the dollar's losses.
The dollar fell to 111.7 Japanese yen, its lowest since September 26. Financial markets have priced in a roughly 88 percent chance of a rate hike in December, according to CME Group's FedWatch tool.
While the Fed's policy is still uncertain and while investors are hopeful of a hawkish policy change, the Bank of Japan has reported that they intend to maintain the current ultra-loose policy.
RIL net profit up 12.78 per cent for the second quarter
Also revenue for the Oil & Gas segment increased by 13.3% Y-o-Y to Rs 1,503 crore due to commencement of CBM production. The company reported a net loss of Rs2.71 billion on revenue of Rs61.5 billion.
Fed Chair Janet Yellen has repeatedly acknowledged since the meeting that there is rising uncertainty on the path of inflation, which has been retreating from the Fed's 2 percent target rate over the past few months.
The dollar got some support versus the yen on Thursday when media polls showed Japanese Prime Minister Shinzo Abe's ruling bloc could keep its two-thirds "super" majority in an October 22 lower house election, reassuring investors that his "Abenomics" programme of yen-weakening easy monetary policy, fiscal spending and promised structural reforms would continue.
In late NY trading on Wednesday, the euro increased to $1.1856 from $1.1807 in the previous session, and the British pound increased to $1.3218 from $1.3204 in the previous session, Xinhua news agency reported.
Revenue Estimates Analysis Of Precision Drilling Corporation (PDS)
If you are viewing this story on another site, it was illegally copied and reposted in violation of global copyright laws. Parametric Portfolio Associates LLC grew its position in Precision Drilling Corporation by 140.0% in the 1st quarter.