NEW YORK, Oct. 17 (Xinhua) — The U.S. dollar weakened in late trading on Monday amid a momentum in the British pound.
The dollar index, which measures the greenback against six major peers, fell 1.13 percent to 112.0320.
Sterling rallied after the United Kingdom government on Monday announced a reversal of the bulk of its September tax-cutting measures in a bid to calm markets.
In late New York trading, the euro rose to 0.9850 U.S. dollars from 0.9729 dollars in the previous session, and the British pound increased to 1.1363 U.S. dollars from 1.1169 dollars in the previous session. The Australian dollar rose to 0.6294 U.S. dollars from 0.6204 U.S. dollars.
The U.S. dollar bought 148.89 Japanese yen, higher than 148.67 Japanese yen of the previous session. The U.S. dollar fell to 0.9957 Swiss francs from 1.0051 Swiss francs, and it fell to 1.3721 Canadian dollars from 1.3884 Canadian dollars.