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U.S. dollar jumps as euro, sterling slide

NEW YORK
2022-07-12 04:12

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NEW YORK, July 11 (Xinhua) -- The U.S. dollar appreciated in late trading on Monday as the euro and the British pound fell noticeably.

The dollar index, which measures the greenback against six major peers, jumped 0.95 percent to 108.0220.

In late New York trading, the euro decreased to 1.0065 U.S. dollars from 1.0178 dollars in the previous session, and the British pound was down to 1.1896 dollars from 1.2024 U.S. dollars in the previous session. The Australian dollar decreased to 0.6745 U.S. dollar from 0.6851 dollar.

The U.S. dollar bought 137.28 Japanese yen, higher than 136.18 Japanese yen of the previous session. The U.S. dollar increased to 0.9799 Swiss franc from 0.9773 Swiss franc, and it was up to 1.2986 Canadian dollars from 1.2957 Canadian dollars.

Risk-off sentiment continued to support the demand for the greenback.

Traders are awaiting a slew of economic highlights later this week, including the June U.S. consumer price index on Wednesday, the producer price index on Thursday, and the monthly retail sales data on Friday.
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