Sun, 03 Dec 2023

U.S. dollar rises as euro, sterling dip

03 Feb 2023, 07:05 GMT+10

NEW YORK, Feb. 2 (Xinhua) -- The U.S. dollar strengthened in late trading on Thursday amid weakness in the euro and the British pound.

The dollar index, which measures the greenback against six major peers, increased 0.56 percent to 101.7540.

In late New York trading, the euro was down to 1.0908 U.S. dollars from 1.0983 dollars in the previous session, and the British pound decreased to 1.2231 U.S. dollars from 1.2376 dollars in the previous session.

The U.S. dollar bought 128.65 Japanese yen, lower than 128.81 Japanese yen of the previous session. The U.S. dollar rose to 0.9137 Swiss francs from 0.9093 Swiss francs, and it increased to 1.3329 Canadian dollars from 1.3297 Canadian dollars. The U.S. dollar climbed to 10.3746 Swedish Kronor from 10.3522 Swedish Kronor.

The above market reactions came as the European Central Bank and the Bank of England both raised rates by 50 basis points on Thursday, one day after the U.S. Federal Reserve approved a quarter-point interest rate hike.

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