Thu, 09 Feb 2023

U.S. dollar rebounds after recent sell-off

26 Nov 2022, 07:55 GMT+10

NEW YORK, Nov. 25 (Xinhua) -- The U.S. dollar moved higher in late trading on Friday, following a recent retreat triggered by expectations that the Federal Reserve may slow the pace of policy tightening.

The dollar index, which measures the greenback against six major peers, was up 0.13 percent to 105.9590.

In late New York trading, the euro was down to 1.0414 U.S. dollars from 1.0417 dollars in the previous session, and the British pound was down to 1.2094 U.S. dollars from 1.2118 dollars in the previous session.

The U.S. dollar bought 139.03 Japanese yen, higher than 138.46 Japanese yen of the previous session. The U.S. dollar rose to 0.9445 Swiss francs from 0.9427 Swiss francs, and it was up to 1.3374 Canadian dollars from 1.3335 Canadian dollars. The U.S. dollar rose to 10.4091 Swedish Kronor from 10.3956 Swedish Kronor.

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