US Biz
NEW YORK, April 19 (Xinhua) -- The U.S. dollar rose in late trading on Wednesday with rising U.S. Treasury yields as investors diverged on Federal Reserve opinions.
The dollar index, which measures the greenback against six major peers, rose 0.23 percent at 101.9695 in late trading.
In late New York trading, the euro was down to 1.0952 dollars from 1.0973 dollars in the previous session, and the British pound was up to 1.2438 dollars from 1.2429 U.S. dollars in the previous session.
The U.S. dollar bought 134.7260 Japanese yen, higher than 134.0580 Japanese yen of the previous session. The U.S. dollar increased to 0.8976 Swiss francs from 0.8970 Swiss francs, and it increased to 1.3462 Canadian dollars from 1.3392 Canadian dollars. The U.S. dollar increased to 10.3451 Swedish Krona from 10.3073 Swedish Krona.
The Mortgage Bankers Association reported Wednesday that for the week ending April 14, U.S. mortgage applications decreased 8.8 percent from one week earlier.
The prior reading was a week-on-week growth of 5.3 percent.
U.S. Treasury yields continued to climb as investors digested Fed officials' hawkish comments. The 2-year note yield rate once topped 4.3 percent on Wednesday while the 10-year bond yield rate stayed over 3.6 percent.
Eurostat reported Wednesday that the eurozone's harmonized index of consumer prices (HICP) increased 6.9 percent in March year on year, down from an 8.5 percent growth in February. It's in line with economists' expectation. The rate remained stubbornly high and well above the European Central Bank's target of 2.0 percent.
The United Kingdom's Office for National Statistics (ONS) reported Wednesday that British consumer price index (CPI) in March expanded 10.1 percent year on year, down from the prior reading of 10.4 percent. Economists expected a year-on-year growth of 9.8 percent.
The year-on-year growth of British input producer price index (PPI) cooled to 7.6 percent in March. The prior reading was revised to 12.8 percent from 12.7 percent. Economists expected a 7.0 percent reading for March.