HomeLatestU.S. dollar falls amid Fed chair remarks, ECB choice

U.S. dollar falls amid Fed chair remarks, ECB choice

NEW YORK, Sept. 8 (Xinhua) — The U.S. dollar declined in late buying and selling on Thursday amid energy within the euro.

The dollar index, which measures the dollar in opposition to six main friends, fell 0.12 p.c to 109.7090.

The euro strengthened after the European Central Bank (ECB) on Thursday raised key rates of interest by 75 foundation factors.

Federal Reserve Chairman Jerome Powell on Thursday reaffirmed a dedication to a hawkish coverage stance. During a dialogue hosted by the Cato Institute, Powell mentioned the Fed is strongly dedicated to bringing down inflation.

In late New York buying and selling, the euro rose to 0.9994 U.S. {dollars} from 0.9985 {dollars} within the earlier session, and the British pound decreased to 1.1500 U.S. {dollars} from 1.1502 {dollars} within the earlier session. The Australian dollar was right down to 0.6748 U.S. {dollars} from 0.6753 U.S. {dollars}.

The U.S. dollar purchased 144.01 Japanese yen, decrease than 144.13 Japanese yen of the earlier session. The U.S. dollar was right down to 0.9716 Swiss francs from 0.9782 Swiss francs, and it fell to 1.3095 Canadian {dollars} from 1.3140 Canadian {dollars}.