Markets > Currencies

U.S. dollar rises amid falling sterling

2019-05-16 05:12

Already collect

NEW YORK, May 15 (Xinhua) -- U.S. dollar increased in late trading on Wednesday, amid weakening British pound due to the ongoing chaos over Brexit.

British Prime Minister Theresa May confirmed Wednesday she still wants Britain to leave the European Union (EU), but she rejected a second referendum on remaining in the EU's customs union.

Widespread media reports in London on Wednesday said May was to put her Brexit proposals to Members of Parliament (MPs) in early June for what would be the fourth time.

Downing Street said the government plans to publish the Withdrawal Agreement Bill in the week beginning June 3 to force MPs into a choice between the deal on the table or the possibility of Brexit being cancelled.

However, the Democratic Unionist Party that gives May her slender majority in the House of Commons is reported to have made clear they do not plan to back the bill.

The dollar index, which measures the greenback against six major peers, rose 0.04 percent at 97.5705 in late trading.

In late New York trading, the euro fell to 1.1203 dollars from 1.1207 dollars in the previous session, and the British pound decreased to 1.2843 dollars from 1.2904 U.S. dollars in the previous session. The Australian dollar decreased to 0.6927 dollar from 0.6944 dollar.

The U.S. dollar bought 109.55 Japanese yen, lower than 109.63 Japanese yen of the previous session. The U.S. dollar was down to 1.0092 Swiss francs from 1.0094 Swiss francs, and it was down to 1.3438 Canadian dollars from 1.3466 Canadian dollars. Enditem

Add comments

Latest comments

Latest News
News Most Viewed