Mon, 15 Aug 2022

U.S. dollar slips amid positive sentiment

Xinhua
25 Jun 2022, 06:18 GMT+10

NEW YORK, June 24 (Xinhua) -- The U.S. dollar fell in late trading on Friday as risk appetite returned to the market amid a comeback in equities, subduing demand for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, decreased 0.23 percent to 104.1870.

In late New York trading, the euro was up to 1.0551 U.S. dollars from 1.0523 dollars in the previous session, and the British pound was up to 1.2269 U.S. dollars from 1.2251 dollars in the previous session. The Australian dollar rose to 0.6939 U.S. dollars from 0.6893 U.S. dollars.

The U.S. dollar bought 135.23 Japanese yen, higher than 134.95 Japanese yen of the previous session. The U.S. dollar fell to 0.9589 Swiss franc from 0.9611 Swiss franc, and it decreased to 1.2919 Canadian dollars from 1.3004 Canadian dollars.

The above market reactions came as risk assets such as equities jumped. Wall Street's three major averages rallied on Friday with the Dow surging more than 700 points in the afternoon session.

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