Sat, 19 Sep 2020

U.S. dollar slips as risk appetite improves

Xinhua
15 Sep 2020, 05:51 GMT+10

NEW YORK, Sept. 14 (Xinhua) -- The U.S. dollar weakened in late trading on Monday as risk-on sentiment returned to the market, subduing appetite for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, fell 0.29 percent at 93.0579.

In late New York trading, the euro increased to 1.1863 U.S. dollars from 1.1830 dollars in the previous session, and the British pound rose to 1.2853 dollars from 1.2791 U.S. dollars in the previous session. The Australian dollar was up to 0.7291 U.S. dollar from 0.7274 dollar.

The U.S. dollar bought 105.70 Japanese yen, lower than 106.11 Japanese yen of the previous session. The U.S. dollar fell to 0.9078 Swiss franc from 0.9096 Swiss franc, and it decreased to 1.3178 Canadian dollars from 1.3193 Canadian dollars.

Risky assets such as equities rallied, fueled by market optimism. Wall Street's major averages traded noticeably higher on Monday with the Dow up about 300 points in the afternoon session.

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