Sat, 05 Dec 2020

U.S. dollar gains amid weak momentum in euro

Xinhua
30 Oct 2020, 05:59 GMT+10

NEW YORK, Oct. 29 (Xinhua) -- The U.S. dollar strengthened in late trading on Thursday amid a pronounced weakness in the euro.

The dollar index, which measures the greenback against six major peers, rose 0.58 percent at 93.9493.

The euro declined as a steep rise in coronavirus infections over the past few days caused concerns about a renewed lockdown in a number of European countries.

In late New York trading, the euro fell to 1.1671 dollars from 1.1752 dollars in the previous session, and the British pound was down to 1.2927 dollars from 1.2991 U.S. dollars in the previous session. The Australian dollar decreased to 0.7026 dollar from 0.7059 dollar.

The U.S. dollar bought 104.66 Japanese yen, higher than 104.33 Japanese yen of the previous session. The U.S. dollar rose to 0.9158 Swiss franc from 0.9100 Swiss franc, and it rose to 1.3324 Canadian dollars from 1.3296 Canadian dollars.

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