 |
| After Stronger US Dollar Is Back Down |
Cyber Daily News - The dollar fell against other major currencies in New York trading on
Wednesday (Thursday morning GMT), after the greenback surged to its
highest level in seven months in the previous session.
The US dollar rose against most major currencies on Tuesday as the country's central bank on track to raise interest rates at the end of the year, while the European Central Bank signaled to release further stimulus to boost the economy, Xinhua reported.
The dollar index, which measures the greenback against six major currencies, rose 0.35 percent to 99.322 at the end of trading on Tuesday, the highest level since April.
However, the index retreated to 98.948 at the end of trading on Wednesday as the greenback took a break from the recent rise in Veterans Day.
The US dollar has increased supported by strong employment report released last week, triggering market expectations for a rate hike in the Federal Reserve's next policy meeting in December.
The US Labor Department said on Friday that the total non-farm payroll employees increased by 271,000 in October, beating the market consensus for a rise of 190,000 new workers.
In late trading in New York, the euro rose to 1.0704 dollars from 1.0704 dollars in the previous session, and the British pound rose to 1.5220 dollars from 1.5103 dollars in the previous session. The Australian dollar rose to 0.7058 dollars from 0.7020 dollars.
The US dollar bought 122.90 Japanese yen, down from 123.24 yen in the previous session. The US dollar fell to 1.0045 Swiss francs from 1.0077 Swiss francs, and fell to 1.3267 Canadian dollars from 1.3276 Canadian dollars.
The US dollar rose against most major currencies on Tuesday as the country's central bank on track to raise interest rates at the end of the year, while the European Central Bank signaled to release further stimulus to boost the economy, Xinhua reported.
The dollar index, which measures the greenback against six major currencies, rose 0.35 percent to 99.322 at the end of trading on Tuesday, the highest level since April.
However, the index retreated to 98.948 at the end of trading on Wednesday as the greenback took a break from the recent rise in Veterans Day.
The US dollar has increased supported by strong employment report released last week, triggering market expectations for a rate hike in the Federal Reserve's next policy meeting in December.
The US Labor Department said on Friday that the total non-farm payroll employees increased by 271,000 in October, beating the market consensus for a rise of 190,000 new workers.
In late trading in New York, the euro rose to 1.0704 dollars from 1.0704 dollars in the previous session, and the British pound rose to 1.5220 dollars from 1.5103 dollars in the previous session. The Australian dollar rose to 0.7058 dollars from 0.7020 dollars.
The US dollar bought 122.90 Japanese yen, down from 123.24 yen in the previous session. The US dollar fell to 1.0045 Swiss francs from 1.0077 Swiss francs, and fell to 1.3267 Canadian dollars from 1.3276 Canadian dollars.
