Markets > Currencies

U.S. dollar slips as risk appetite improves

Xinhua News,NEW YORK
2020-05-27 04:28

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NEW YORK, May 26 (Xinhua) -- The U.S. dollar dipped in late trading on Tuesday as risk sentiment returned to the market amid a reopening world economy, subduing demand for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, fell 0.88 percent at 98.9044 in late trading.

In late New York trading, the euro was up to 1.0994 U.S. dollars from 1.0897 dollars in the previous session, and the British pound was up to 1.2343 dollars from 1.2191 U.S. dollars in the previous session. The Australian dollar rose to 0.6674 U.S. dollar from 0.6543 dollar.

The U.S. dollar bought 107.52 Japanese yen, lower than 107.71 Japanese yen of the previous session. The U.S. dollar fell to 0.9647 Swiss franc from 0.9712 Swiss franc, and it was down to 1.3757 Canadian dollars from 1.3985 Canadian dollars.
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