US inflation weakens dollar

Today’s inflation figures from the USA weakened the dollar, improving exchange rates for money transfers to the USA.

Rates have improved nealy 1% during the afternoon, reversing the trend so far through the week, after figures showed that inflationary pressure is building in the US economy, and also data showing industrial production growth was flat in February.

Buying US dollars is now as cheap as 10 days ago and near the top of recent trading ranges.