U.S. dollar rises broadly


  • World
  • Friday, 19 Aug 2022

NEW YORK, Aug. 18 (Xinhua) -- The U.S. dollar strengthened broadly against major rivals in late trading on Thursday.

The dollar index, which measures the greenback against six major peers, jumped 0.85 percent to 107.4840.

In late New York trading, the euro fell to 1.0093 U.S. dollars from 1.0185 dollars in the previous session, and the British pound decreased to 1.1934 dollars from 1.2064 U.S. dollars in the previous session. The Australian dollar decreased to 0.6919 U.S. dollar from 0.6943 dollar.

The U.S. dollar bought 135.87 Japanese yen, higher than 135.06 Japanese yen of the previous session. The U.S. dollar was up to 0.9563 Swiss franc from 0.9515 Swiss franc, and it increased to 1.2940 Canadian dollars from 1.2898 Canadian dollars.

Market participants continued to assess the minutes from the Federal Reserve's July meeting.

The minutes released Wednesday showed that the central bank would continue its interest rate hiking campaign to tame inflation, while signaling caution with the pace of coming increases.

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