Mon, 18 Oct 2021

U.S. dollar climbs as euro, sterling dip

Xinhua
12 Oct 2021, 05:44 GMT+10

NEW YORK, Oct. 11 (Xinhua) -- The U.S. dollar appreciated in late trading on Monday, amid weakness in the euro and the British pound.

The dollar index, which measures the greenback against six major peers, increased 0.26 percent at 94.3165.

In late New York trading, the euro was down to 1.1560 U.S. dollars from 1.1576 dollars in the previous session, and the British pound fell to 1.3609 dollars from 1.3620 U.S. dollars in the previous session. The Australian dollar rose to 0.7353 U.S. dollar from 0.7312 dollar.

The U.S. dollar bought 113.32 Japanese yen, higher than 112.19 Japanese yen of the previous session. The U.S. dollar was up to 0.9272 Swiss franc from 0.9264 Swiss franc, and it rose to 1.2479 Canadian dollars from 1.2459 Canadian dollars.

The strength in the U.S. dollar came as market participants continued to bet on Fed tapering despite the disappointing September U.S. payrolls report released on Friday.

"If the report does not affect the Fed expectations it is also clear that it does not damage the dollar on the FX market," Ulrich Leuchtmann, analyst at Commerzbank Research, said Monday in a note.

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