U.S. dollar jumps as sterling dips

NEW YORK, Sept. 26 (Xinhua) -- The U.S. dollar appreciated noticeably in late trading on Monday, amid continued weakness in the British pound.

The dollar index, which measures the greenback against six major peers, surged 0.81 percent to 114.1030.

Sterling fell further on Monday after a 3.6-percent decline on Friday, as investors continued to react to a package of tax cuts announced by the United Kingdom's government.

In late New York trading, the euro decreased to 0.9615 U.S. dollars from 0.9674 dollars in the previous session, and the British pound was down to 1.0688 U.S. dollars from 1.0847 dollars in the previous session. The Australian dollar was down to 0.6459 U.S. dollars from 0.6517 U.S. dollars.

The U.S. dollar bought 144.51 Japanese yen, higher than 143.35 Japanese yen of the previous session. The U.S. dollar increased to 0.9943 Swiss francs from 0.9828 Swiss francs, and it rose to 1.3735 Canadian dollars from 1.3604 Canadian dollars.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Mbappe scores twice as France beat Denmark 2-1 in World Cup Group D
Venezuela's frozen funds to be gradually released for humanitarian aid
Former Pakistan PM Khan calls off protest march to avoid creating 'havoc'
Former Ivory Coast militia leader Ble Goude returns home after exile
Congo schedules presidential elections for Dec 2023
Belarus foreign minister Makei dies suddenly - Belta
Kyiv promotes grain plan for vulnerable on famine memorial day
Singapore's Wong cements prospect of becoming PM with party post
Power restored in Ukrainian city of Kherson, senior presidential aide says
Qatar reviewing London investments after transport ads ban - FT

Others Also Read