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.

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