Wed, 19 Jan 2022

U.S. dollar slips as euro, sterling rise

09 Nov 2021, 07:06 GMT+10

NEW YORK, Nov. 8 (Xinhua) -- The U.S. dollar weakened in late trading on Monday, amid strength in the euro and the British pound.

The dollar index, which measures the greenback against six major peers, decreased 0.29 percent at 94.0503.

In late New York trading, the euro rose to 1.1588 U.S. dollars from 1.1549 dollars in the previous session, and the British pound was up to 1.3555 dollars from 1.3480 U.S. dollars in the previous session. The Australian dollar was up to 0.7425 U.S. dollar from 0.7393 dollar.

The U.S. dollar bought 113.22 Japanese yen, lower than 113.40 Japanese yen of the previous session. The U.S. dollar was up to 0.9132 Swiss franc from 0.9126 Swiss franc, and it fell to 1.2444 Canadian dollars from 1.2457 Canadian dollars.

Market participants continued to digest a stronger-than-anticipated U.S. jobs report.

The U.S. Labor Department reported Friday that U.S. employers added 531,000 jobs in October, higher than a gain of 450,000 jobs expected.

Traders are also awaiting key U.S. inflation readings this week with the producer price index on Tuesday and the consumer price index on Wednesday.

More Japan News

Access More

Sign up for The Japan News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!