Xinhua world economic news summary at 1030 GMT, July 24
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NEW YORK -- The U.S. dollar moved higher in late trading on Friday as market participants digested latest economic data.
The dollar index, which measures the greenback against six major peers, rose 0.09 percent at 92.9104.
In late New York trading, the euro fell to 1.1770 U.S. dollars from 1.1771 dollars in the previous session, and the British pound fell to 1.3752 dollars from 1.3774 U.S. dollars in the previous session. The Australian dollar decreased to 0.7364 U.S. dollar from 0.7387 dollar. (US-Dollar index-Up)
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WASHINGTON -- U.S. Treasury Secretary Janet Yellen on Friday urged Congress to raise the debt limit as soon as possible to avoid a potential default.
"As you know, the Bipartisan Budget Act of 2019 suspended the statutory debt limit through Saturday, July 31, 2021. I am writing to inform you that beginning on Sunday, August 1, 2021, the outstanding debt of the United States will be at the statutory limit," Yellen wrote in a letter to congressional leaders. (US-Debt Limit)
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NEW YORK -- The U.S. dollar climbed in late trading on Friday.
The dollar index, which measures the greenback against six major peers, rose 0.09 percent to 92.9104 at 3:00 p.m. (1900 GMT). (US-Dollar index-Up)
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CHICAGO -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the U.S. stock indexes rose.
The most active gold contract for August delivery fell 3.6 U.S. dollars, or 0.2 percent, to close at 1,801.8 dollars per ounce.
Investors' appetite for risk ran high as all three major U.S. stock indexes rose, the U.S. dollar strengthened and U.S. Treasury yields increased. (US-Gold Futures) Enditem
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