Mon, 17 Jan 2022

U.S. dollar rises as euro dips

Xinhua
03 Dec 2021, 07:44 GMT+10

NEW YORK, Dec. 2 (Xinhua) -- The U.S. dollar increased in late trading on Thursday amid weakness in the euro.

The dollar index, which measures the greenback against six major peers, rose 0.13 percent at 96.1540.

In late New York trading, the euro fell to 1.1296 U.S. dollars from 1.1317 dollars in the previous session, and the British pound increased to 1.3297 dollars from 1.3280 U.S. dollars in the previous session. The Australian dollar fell to 0.7088 U.S. dollar from 0.7111 dollar.

The U.S. dollar bought 113.16 Japanese yen, higher than 112.80 Japanese yen of the previous session. The U.S. dollar was up to 0.9208 Swiss franc from 0.9204 Swiss franc, and it was unchanged at close to 1.2812 Canadian dollars from 1.2812 Canadian dollars.

"As the market is at the mercy of scientists and politicians when it comes to news on the dangers of Omicron and new restrictions it remains vigilant with elevated volatility. That really means that we need to remain cautious in the near future, follow the news flow and react quickly when push comes to shove," Antje Praefcke, foreign exchange analyst at Commerzbank Research, said Thursday in a note.

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