Sun, 27 Nov 2022

U.S. dollar eases following recent gains

Xinhua
29 Sep 2022, 07:05 GMT+10

NEW YORK, Sept. 28 (Xinhua) -- The U.S. dollar took a breather on Wednesday after a recent sweeping rally driven by the Federal Reserve's hawkish stance.

The dollar index, which measures the greenback against six major peers, fell 1.31 percent to 112.6080 in late trading.

Sterling climbed after the Bank of England on Wednesday announced temporary purchases of long-dated United Kingdom government bonds in order to stabilize markets.

In late New York trading, the euro rose to 0.9748 U.S. dollars from 0.9602 dollars in the previous session, and the British pound increased to 1.0903 U.S. dollars from 1.0733 dollars in the previous session. The Australian dollar rose to 0.6526 U.S. dollars from 0.6436 dollars.

The U.S. dollar bought 143.99 Japanese yen, lower than 144.80 Japanese yen of the previous session. The U.S. dollar decreased to 0.9759 Swiss francs from 0.9913 Swiss francs, and it decreased to 1.3616 Canadian dollars from 1.3712 Canadian dollars.

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