U.S. dollar weakens as traders weigh coronavirus impact

NEW YORK, Nov. 13 (Xinhua) -- The U.S. dollar slipped in late trading on Friday as market participants weighed economic impact from soaring COVID-19 infections.

The dollar index, which measures the greenback against six major peers, decreased 0.22 percent at 92.7613.

In late New York trading, the euro was up to 1.1831 U.S. dollars from 1.1806 dollars in the previous session, and the British pound rose to 1.3175 dollars from 1.3115 U.S. dollars in the previous session. The Australian dollar rose to 0.7263 U.S. dollar from 0.7236 dollar.

The U.S. dollar bought 104.63 Japanese yen, lower than 105.08 Japanese yen of the previous session. The U.S. dollar fell to 0.9134 Swiss franc from 0.9147 Swiss franc, and it was down to 1.3136 Canadian dollars from 1.3139 Canadian dollars.

The market moves came as new coronavirus cases continued to spike in some major economies including the United States and Europe.

U.S. Federal Reserve Chairman Jerome Powell on Thursday warned that a record surge in COVID-19 cases across the country could hinder the recent economic recovery.

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