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U.S. dollar rebounds following prior session's dip

NEW YORK
2022-05-06 03:43

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NEW YORK, May 5 (Xinhua) -- The U.S. dollar rose broadly against its major rivals in late trading on Thursday.

The dollar index, which measures the greenback against six major peers, increased 1.14 percent to 103.7540.

In late New York trading, the euro decreased to 1.0519 U.S. dollars from 1.0621 dollars in the previous session, and the British pound was down to 1.2350 U.S. dollars from 1.2581 dollars in the previous session. The Australian dollar fell to 0.7095 U.S. dollars from 0.7232 U.S. dollars.

The U.S. dollar bought 130.31 Japanese yen, higher than 128.73 Japanese yen of the previous session. The U.S. dollar was up to 0.9873 Swiss franc from 0.9747 Swiss franc, and it increased to 1.2853 Canadian dollars from 1.2740 Canadian dollars.

On Wednesday, the dollar index dropped 0.85 percent after the U.S. Federal Reserve delivered a 50-basis-point interest rate hike and downplayed the likelihood of a larger rate increase.
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