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Economy

U.S. dollar weakens on improving risk appetite

1
2018-09-21 14:17:47Xinhua Editor : Gu Liping ECNS App Download

The U.S. dollar slipped materially Thursday on improving risk appetite and expectation of possible early end of monetary tightening by U.S. Federal Reserve.

The dollar index, which measures the greenback against six major peers, was down 0.66 percent to 93.9145 at 3:00 p.m. (1900 GMT).

U.S. dollar fell over 0.9 percent against Euro and British Pound in addition of over 0.8 percent decrease against Swiss franc.

U.S. Federal Reserve is expected to raise interest rate again on its upcoming meeting of Federal Open Market Committee from 25-26 September.

In late New York trading, the euro increased to 1.1775 dollars from 1.1674 dollars in the previous session, and the British pound was up to 1.3267 dollars from 1.3145 U.S. dollars in the previous session. The Australian dollar was up to 0.7290 dollar from 0.7265 dollar.

The U.S. dollar bought 112.46 Japanese yen, higher than 112.25 Japanese yen of the previous session. The U.S. dollar decreased to 0.9595 Swiss franc from 0.9670 Swiss franc, and it was down to 1.2911 Canadian dollars from 1.2917 Canadian dollars. Enditem

  

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