U.S. dollar weakens amid momentum in euro


  • World
  • Friday, 11 Dec 2020

NEW YORK, Dec. 10 (Xinhua) -- The U.S. dollar slipped in late trading on Thursday as the euro gained steam after the European Central Bank (ECB) rolled out a fresh stimulus package.

The dollar index, which measures the greenback against six major peers, decreased 0.30 percent at 90.8197.

The euro strengthened as the ECB said on Thursday that it decided to expand the pandemic emergency purchase program by another 500 billion euros and extend the duration of the program to at least the end of March 2022, as part of a fresh stimulus package to bolster the economy.

In late New York trading, the euro increased to 1.2133 U.S. dollars from 1.2073 dollars in the previous session, and the British pound fell to 1.3290 dollars from 1.3394 U.S. dollars in the previous session. The Australian dollar rose to 0.7527 U.S. dollar from 0.7436 dollar.

The U.S. dollar bought 104.18 Japanese yen, lower than 104.22 Japanese yen of the previous session. The U.S. dollar fell to 0.8870 Swiss franc from 0.8898 Swiss franc, and it decreased to 1.2744 Canadian dollars from 1.2819 Canadian dollars.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In World

Delhi's popular autorickshaws become COVID-19 ambulances
Defiant but cornered: Jailed Kremlin critic Navalny's movement is on the ropes
S.Africa's ANC faces power struggle as top official defies suspension
Spain tourist arrivals slump 76% in March, recovery still far off
Qatar finance minister arrested over alleged embezzlement -statement
Gridlock in Athens as transport staff strike over labour reform
Thai student jailed for insulting king gets bail, others denied
French envoy visits crisis-hit Lebanon as pressure builds
Former Ugandan rebel commander Ongwen sentenced to 25 years in prison
Gunmen shoot dead former news anchor in Afghanistan's Kandahar

Stories You'll Enjoy


Vouchers