U.S. dollar slips amid risk-on mood

Xinhua
25 Nov 2020, 06:44 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.

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