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U.S. dollar drops amid rising sterling

NEW YORK
2019-03-20 05:56

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NEW YORK, March 19 (Xinhua) -- U.S. dollar decreased in late trading on Tuesday amid rising sterling.

Downing Street confirmed Tuesday that British Prime Minister Theresa May will write to European Council President Donald Tusk asking for Britain's departure from the bloc to be delayed.

Any extension will need the support of the other 27 EU members. May will meet the leaders of the other 27 EU members at an EU summit taking place on Thursday.

In late New York trading, the euro increased to 1.1352 U.S. dollars from 1.1337 dollars in the previous session, and the British pound increased to 1.3268 dollars from 1.3251 dollars in the previous session. The Australian dollar was down to 0.7090 dollar from 0.7099 dollar.

The U.S. dollar bought 111.41 Japanese yen, higher than 111.40 Japanese yen of the previous session. The U.S. dollar decreased to 0.9992 Swiss franc from 1.0010 Swiss francs, and it was down to 1.3309 Canadian dollars from 1.3351 Canadian dollars.
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