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The US dollar rises as the euro and the pound sterling falls

New York, October 11 (Xinhua)-The US dollar rose in late Monday trading amid a slump in the euro and pound sterling.

The dollar index, which measures greenbacks for the six major peers, increased 0.26 percent to 94.3165.

In the second half of New York trading, the euro fell from $ 1.1576 in the previous session to $ 1.1560 and the British pound fell from $ 1.3620 in the previous session to $ 1.3609. The Australian dollar rose from $ 0.7312 to $ 0.7353.

The US dollar bought 113.32 yen, which is higher than 112.19 yen in the previous session. The US dollar rose from CHF 0.9264 to CHF 0.9272, rising from CAD 1.2459 to CAD 1.2479.

Despite disappointment in the September US salary report released on Friday, market participants continued to bet on the Fed’s taper, resulting in a stronger US dollar.

“If this report doesn’t affect the Fed’s expectations, it’s also clear that it won’t hurt the dollar in the FX market,” said Ulrich Leuchtmann, an analyst at Commerzbank Research.

The US dollar rises as the euro and the pound sterling falls

Source link The US dollar rises as the euro and the pound sterling falls

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