HomeLatestU.S. dollar rises broadly

U.S. dollar rises broadly

NEW YORK, Sept. 23 (Xinhua) — The U.S. dollar strengthened broadly in opposition to main rivals in late buying and selling on Friday.

The dollar index, which measures the buck in opposition to six main friends, elevated 1.65 p.c to 113.1890.

In late New York buying and selling, the euro was right down to 0.9674 U.S. {dollars} from 0.9833 {dollars} within the earlier session, and the British pound fell to 1.0847 U.S. {dollars} from 1.1251 {dollars} within the earlier session. The Australian dollar fell to 0.6517 U.S. {dollars} from 0.6640 U.S. {dollars}.

The U.S. dollar purchased 143.35 Japanese yen, increased than 142.41 Japanese yen within the earlier session. The U.S. dollar was as much as 0.9828 Swiss francs from 0.9787 Swiss francs, and it elevated to 1.3604 Canadian {dollars} from 1.3492 Canadian {dollars}.

Market contributors continued to digest the Federal Reserve’s newest choice on charges.

The Fed on Wednesday raised rates of interest by 75 foundation factors for a 3rd straight time this 12 months and signaled extra aggressive fee hikes forward in a bid to rein in inflation.

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