Wed, 28 Sep 2022

U.S. dollar rises broadly

Xinhua
24 Sep 2022, 05:44 GMT+10

NEW YORK, Sept. 23 (Xinhua) -- The U.S. dollar strengthened broadly against major rivals in late trading on Friday.

The dollar index, which measures the greenback against six major peers, increased 1.65 percent to 113.1890.

In late New York trading, the euro was down to 0.9674 U.S. dollars from 0.9833 dollars in the previous session, and the British pound fell to 1.0847 U.S. dollars from 1.1251 dollars in the previous session. The Australian dollar fell to 0.6517 U.S. dollars from 0.6640 U.S. dollars.

The U.S. dollar bought 143.35 Japanese yen, higher than 142.41 Japanese yen in the previous session. The U.S. dollar was up to 0.9828 Swiss francs from 0.9787 Swiss francs, and it increased to 1.3604 Canadian dollars from 1.3492 Canadian dollars.

Market participants continued to digest the Federal Reserve's latest decision on rates.

The Fed on Wednesday raised interest rates by 75 basis points for a third straight time this year and signaled more aggressive rate hikes ahead in a bid to rein in inflation.

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