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U.S. dollar rises amid falling sterling

2019-10-08 05:24

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NEW YORK, Oct. 7 (Xinhua) -- The U.S. dollar rose modestly amid the retreating British pound in late trading on Monday, as investors grew worried about the prospect of Brexit, which could end up with no deal and the ensuing volatility.

A legal bid to force British Prime Minister Boris Johnson to ask the European Union (EU) to extend Britain's membership of the bloc if there is no Brexit deal failed Monday in Scotland's highest civil court.

Barrister Jolyon Maugham, one of the three people who took the case to court, said after the decision they will appeal against the result Tuesday.

Maugham said the court's decision meant there was now a risk of an unlawful Brexit.

Johnson has insisted Britain will leave the bloc, with or without a deal on Oct. 31.

The dollar index, which measures the greenback against six major peers, increased 0.16 percent at 98.9655 in late trading.

In late New York trading, the euro was down to 1.0973 U.S. dollars from 1.0983 dollars in the previous session, and the British pound decreased to 1.2299 dollars from 1.2332 dollars in the previous session. The Australian dollar was down to 0.6732 dollar from 0.6770 dollar.

The U.S. dollar bought 107.27 Japanese yen, higher than 106.85 Japanese yen of the previous session. The U.S. dollar decreased to 0.9946 Swiss franc from 0.9949 Swiss franc, and it fell to 1.3309 Canadian dollars from 1.3323 Canadian dollars.
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