Telugu Politics

US dollar rises against most major currencies

The US dollar rose against most major currencies as investors awaited important economic data due out later this week.

In late New York trading on Monday, the euro increased to $1.1668 from $1.1660 in the previous session, and the British pound decreased to $1.3116 from $1.3200 in the previous session, Xinhua news agency reported.

The Australian dollar declined to $0.7625 from $0.7659.

The dollar bought 113.62 Japanese yen, higher than 113.56 yen of the previous session. The U.S. dollar dropped to 0.9961 Swiss franc from 0.9962 Swiss franc, and it was up to 1.2728 Canadian dollars from 1.2686 Canadian dollars.

On worries that US corporate tax cut could be delayed to 2019 have sent the greenback down lately. However, the dollar was on a firm footing on Monday ahead of major economic data, such as inflation and jobless claims.

The dollar index, which measures the greenback against six major peers, was up 0.11 per cent at 94.496 in late trading.

Source- IANS Agency