Fri, 29 Sep 2023

U.S. dollar jumps as sterling dips

27 Sep 2022, 06:55 GMT+10

NEW YORK, Sept. 26 (Xinhua) -- The U.S. dollar appreciated noticeably in late trading on Monday, amid continued weakness in the British pound.

The dollar index, which measures the greenback against six major peers, surged 0.81 percent to 114.1030.

Sterling fell further on Monday after a 3.6-percent decline on Friday, as investors continued to react to a package of tax cuts announced by the United Kingdom's government.

In late New York trading, the euro decreased to 0.9615 U.S. dollars from 0.9674 dollars in the previous session, and the British pound was down to 1.0688 U.S. dollars from 1.0847 dollars in the previous session. The Australian dollar was down to 0.6459 U.S. dollars from 0.6517 U.S. dollars.

The U.S. dollar bought 144.51 Japanese yen, higher than 143.35 Japanese yen of the previous session. The U.S. dollar increased to 0.9943 Swiss francs from 0.9828 Swiss francs, and it rose to 1.3735 Canadian dollars from 1.3604 Canadian dollars.

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