HomeLatestU.S. dollar slips as euro rises

U.S. dollar slips as euro rises

NEW YORK, Aug. 30 (Xinhua) — The U.S. dollar weakened in late buying and selling on Tuesday because the euro gained a momentum.

The dollar index, which measures the dollar in opposition to six main friends, decreased 0.06 p.c to 108.7730.

The euro, the biggest element of the index, rose as merchants wager on a giant price hike from the European Central Bank after policymakers’ current hawkish messages.

In late New York buying and selling, the euro was as much as 1.0024 U.S. {dollars} from 0.9994 {dollars} within the earlier session, and the British pound was right down to 1.1658 U.S. {dollars} from 1.1703 {dollars} within the earlier session. The Australian dollar fell to 0.6857 U.S. {dollars} from 0.6902 U.S. {dollars}.

The U.S. dollar purchased 138.67 Japanese yen, decrease than 138.82 Japanese yen of the earlier session. The U.S. dollar rose to 0.9736 Swiss francs from 0.9688 Swiss francs, and it elevated to 1.3101 Canadian {dollars} from 1.3006 Canadian {dollars}.