U.S. dollar slips amid risk-on mood

Xinhua
25 Nov 2020, 02:14 GMT+10

NEW YORK, Nov. 24 (Xinhua) -- The U.S. dollar weakened in late trading on Tuesday as risk appetite improved on the market, subduing demand for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, fell 0.31 percent at 92.2249.

In late New York trading, the euro rose to 1.1883 U.S. dollars from 1.1840 dollars in the previous session, and the British pound was up to 1.3352 dollars from 1.3323 U.S. dollars in the previous session. The Australian dollar increased to 0.7354 U.S. dollar from 0.7289 dollar.

The U.S. dollar bought 104.56 Japanese yen, higher than 104.49 Japanese yen of the previous session. The U.S. dollar was down to 0.9119 Swiss franc from 0.9122 Swiss franc, and it was down to 1.3004 Canadian dollars from 1.3079 Canadian dollars.

Risky assets including the U.S. equities rallied on Tuesday with the Dow topping the 30,000 mark for the first time.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

null in null

Business

Section

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

U.S. stocks recover after Trump-tariffs-induced slump

NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...

Sectors - Broadcasting

Section