Mon, 25 Jan 2021

U.S. dollar rises as euro dips

Xinhua
24 Nov 2020, 07:30 GMT+10

NEW YORK, Nov. 23 (Xinhua) -- The U.S. dollar appreciated in late trading on Monday amid a weak momentum in the euro.

The dollar index, which measures the greenback against six major peers, increased 0.13 percent at 92.5138.

The euro lost strength as data showed eurozone business activity fell sharply in November as countries introduced more aggressive measures to counter rising COVID-19 infection rates.

The flash Eurozone Composite PMI (Purchasing Managers' Index) slumped from 50.0 in October to 45.1 in November, its lowest since May, London-based information provider IHS Markit reported on Monday.

In late New York trading, the euro was down to 1.1840 U.S. dollars from 1.1857 dollars in the previous session, and the British pound increased to 1.3323 dollars from 1.3278 U.S. dollars in the previous session. The Australian dollar fell to 0.7289 U.S. dollar from 0.7311 dollar.

The U.S. dollar bought 104.49 Japanese yen, higher than 103.82 Japanese yen of the previous session. The U.S. dollar rose to 0.9122 Swiss franc from 0.9115 Swiss franc, and it fell to 1.3079 Canadian dollars from 1.3094 Canadian dollars.

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