The greenback climbs to the highest level in two weeks after a strong US indicator. Meanwhile, the euro remains boosted by a good US consumption indicator.

As investors focus on the meeting of the US Central Bank (Fed) next week, the dollar climbed Thursday to a high in two weeks against the euro boosted by a good US indicator on consumption. Around 7:10 p.m. GMT, the euro lost 0.46% against the dollar, at 1.1763 dollars for one euro. The Dollar Index, which compares the US currency to a basket of other major currencies, took 0.41% to 92.92 points. In the bond market, yields on government bonds were climbing, which also supported the greenback. The rate on 10-year Treasury bills stood at 1.33% against 1.29%. Investors were also positioning themselves in anticipation of the monetary meeting of the American Central Bank (Fed) at the beginning of next week. US inflation slowed faster than expected in August, to 5.3% year on year from 5.4% in July. Lower-than-expected price increases give the Fed more leeway to wait before normalizing monetary policy.