Sat, 24 Oct 2020

U.S. dollar strengthens as euro dips

Xinhua
26 Sep 2020, 05:51 GMT+10

NEW YORK, Sept. 25 (Xinhua) -- The U.S. dollar appreciated in late trading on Friday amid a weak momentum in the euro.

The dollar index, which measures the greenback against six major peers, rose 0.3 percent at 94.6429.

In late New York trading, the euro fell to 1.1622 U.S. dollars from 1.1666 dollars in the previous session, and the British pound was down to 1.2730 dollars from 1.2741 U.S. dollars in the previous session. The Australian dollar decreased to 0.7024 U.S. dollar from 0.7050 dollar.

The U.S. dollar bought 105.60 Japanese yen, higher than 105.41 Japanese yen of the previous session. The U.S. dollar was up to 0.9288 Swiss franc from 0.9264 Swiss franc, and it rose to 1.3395 Canadian dollars from 1.3352 Canadian dollars.

"Following bad performance since early June and as momentum had been lost for the past weeks, there was going to be potential for some greenback recovery," analysts at Commerzbank Research said in a note on Friday.

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