11 C
Monday, December 5, 2022
HomeLatestU.S. dollar rebounds after prior week's sharp fall

U.S. dollar rebounds after prior week's sharp fall



NEW YORK, Nov. 14 (Xinhua) — The U.S. dollar strengthened in late buying and selling on Monday, reclaiming among the losses suffered within the prior week.

The dollar index, which measures the buck in opposition to six main friends, elevated 0.34 % to 106.6590.

In late New York buying and selling, the euro was right down to 1.0354 U.S. {dollars} from 1.0366 {dollars} within the earlier session, and the British pound was right down to 1.1779 U.S. {dollars} from 1.1854 {dollars} within the earlier session.

The U.S. dollar purchased 139.88 Japanese yen, greater than 138.53 Japanese yen of the earlier session. The U.S. dollar elevated to 0.9415 Swiss francs from 0.9412 Swiss francs, and it rose to 1.3286 Canadian {dollars} from 1.3248 Canadian {dollars}. The U.S. dollar was as much as 10.4512 Swedish Kronor from 10.3512 Swedish Kronor.

Last week, the U.S. dollar suffered a serious setback with the dollar index tumbling greater than 4 %, as a softer-than-expected U.S. inflation report raised hopes of much less aggressive charge hikes from the Federal Reserve.