NEW YORK, March 4 (Xinhua) -- U.S. dollar rose on Monday as hopes for further trade progress introduced optimism into financial markets, underpinning investors' risk appetite.
The dollar index, which measures the greenback against six major peers, rose 0.16 percent at 96.6823 in late trading.
In late New York trading, the euro decreased to 1.1330 dollars from 1.1357 dollars in the previous session, and the British pound was down to 1.3170 dollars from 1.3189 U.S. dollars in the previous session. The Australian dollar was up to 0.7086 dollar from 0.7070 dollar. The U.S. dollar bought 111.74 Japanese yen, lower than 112.00 Japanese yen of the previous session. The U.S. dollar rose to 0.9996 Swiss franc from 0.9995 Swiss franc, and it increased to 1.3315 Canadian dollars from 1.3302 Canadian dollars.
Market participants seemed having looked past U.S. President Donald Trump's latest remarks concerning the currency.
Trump on Saturday reiterated his criticism of the Federal Reserve's monetary policy, saying that increased interest rates led to a strong dollar and impeded economic growth. "I want a strong dollar. But I want a dollar that's great for our country, not a dollar that's so strong that's prohibitive for us to be dealing with other nations and taking their business," Trump said at the Conservative Political Action Conference.
The U.S. currency is poised to remain strong this year despite Trump's complaints about its recent gains as growth outlook elsewhere is lackluster, experts noted.
The dollar index, which measures the greenback against six major peers, rose 0.16 percent at 96.6823 in late trading.
In late New York trading, the euro decreased to 1.1330 dollars from 1.1357 dollars in the previous session, and the British pound was down to 1.3170 dollars from 1.3189 U.S. dollars in the previous session. The Australian dollar was up to 0.7086 dollar from 0.7070 dollar. The U.S. dollar bought 111.74 Japanese yen, lower than 112.00 Japanese yen of the previous session. The U.S. dollar rose to 0.9996 Swiss franc from 0.9995 Swiss franc, and it increased to 1.3315 Canadian dollars from 1.3302 Canadian dollars.
Market participants seemed having looked past U.S. President Donald Trump's latest remarks concerning the currency.
Trump on Saturday reiterated his criticism of the Federal Reserve's monetary policy, saying that increased interest rates led to a strong dollar and impeded economic growth. "I want a strong dollar. But I want a dollar that's great for our country, not a dollar that's so strong that's prohibitive for us to be dealing with other nations and taking their business," Trump said at the Conservative Political Action Conference.
The U.S. currency is poised to remain strong this year despite Trump's complaints about its recent gains as growth outlook elsewhere is lackluster, experts noted.
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