U.S. dollar dips as banking fears ease

NEW YORK, March 28 (Xinhua) -- The U.S. dollar weakened in late trading on Tuesday as concerns over the financial sector eased, subduing appetite for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, decreased 0.41 percent to 102.4281.

In late New York trading, the euro rose to 1.0842 U.S. dollars from 1.0796 dollars in the previous session, and the British pound was up to 1.2336 U.S. dollars from 1.2289 dollars in the previous session.

The U.S. dollar bought 130.79 Japanese yen, lower than 131.57 Japanese yen of the previous session. The U.S. dollar increased to 0.9193 Swiss francs from 0.9157 Swiss francs, and it decreased to 1.3603 Canadian dollars from 1.3650 Canadian dollars. The U.S. dollar was down to 10.3516 Swedish Kronor from 10.3774 Swedish Kronor.

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