U.S. Dollar Index Trading Higher, Consumer Credit Rise Eases

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The September U.S. Dollar Index is trading at 96.17, up 0.45. The U.S. dollar index is trading rangebound during late forex trading Friday afternoon. The Federal Reserve reported that consumer credit rose by $12.32 billion in June versus a downwardly revised $17.92 billion rise in May. Non-revolving credit rose by $ 4.6 billion versus a rise of $16.1 billion in May. Revolving credit rose by $7.7 billion after a $1.8 billion rise in May. In other Forex Markets; EUR/USD is trading at 1.1088, down 0.0046. GBP/USD is trading at 1.3076, down 0.0049. USD/JPY is trading at 101.79, up 0.60.USD/CAD is trading at 1.3162, up 0.0146. AUD/USD is trading at 0.7622, down 0.0016 USD/CNY is trading at 6.6530, up 0.0140.

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