Wednesday, January 29, 2020
News

US dollar inches up on weaker euro, Japanese yen

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New York | Wednesday, 2020 12:15:05 PM IST
The US dollar index rose slightly as risk appetite prompted weakening of euro, Japanese yen, Australian dollar and Canadian dollar.

In late New York trading on Tuesday, the euro was down to $1.1129 from $1.1138 in the previous session, and the British pound was up to $1.3028 from $1.2998 in the previous session, Xinhua reported.

The Australian dollar declined to $0.6904 from $0.6906.

The US dollar bought 109.98 Japanese yen, higher than 109.91 Japanese yen of the previous session. The US dollar decreased to 0.9673 Swiss franc from 0.9706 Swiss franc, but it increased to 1.3058 Canadian dollars from 1.3047 Canadian dollars.

Though improving trade ties between the US and China should bode poorly for greenback prospects, foreign exchange flows were rather quiet in anticipation of the phase-one trade deal to be signed to give global markets much-desired good news, according to US foreign exchange and international payment services company Tempus Inc.

Swiss franc appreciated substantially against the US dollar on Tuesday after the USput Swiss franc on its watch list regarding currency manipulation on Monday.

The Swiss franc is mounting a bit of a comeback after losing ground since the start of the year based on the chance that the Swiss National Bank will have to get rid of negative interest rates, said Tempus Inc in a note.

The dollar index, which measures the greenback against six major peers, picked up 0.02 per cent to 97.3690.

--IANS pgh/

( 252 Words)

2020-01-15-06:04:11 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Huawei to get role in UK 5G networks - w...
Mechanism set up to protect honest comme...
Essar Oil UK appoints Mark Wilson as CEO...
DGFT puts Airtel on 'Denied Entry List',...
Budget should revamp SEZ policy to boost...
Odisha showcases investment opportunitie...
More...
 
INDIA WORLD ASIA
Largest media job fest aims at placement...
High drama in Kerala Assembly as MLAs bl...
SC asks 14 Gujarat rioters to do spiritu...
SC to close hearing in 10 days on religi...
Assam gets best tableau award for R-Day ...
Anti-terror operations intensify in Kash...
More...    
 
 Top Stories
PM Modi condoles death of people in... 
US dropped record 7,423 bombs on Af... 
Two brain function biomarkers might... 
Sharjeel Imam brought to Patna airp... 
NGOs received highest foreign donat... 
Jordanians hold sit-in against Trum... 
Alcohol consumption during pregnanc... 
China allocates 4.4 billion yuan fo...