U.S. dollar weakens amid risk-off sentiment

0 Comment(s)Print E-mail Xinhua, March 10, 2020
Adjust font size:

The U.S. dollar lost strength on Monday against traditional safe-haven currencies like Japanese yen and Swiss franc as investors' risk appetite diminished amid oil shock.

The dollar index, which measures the greenback against six major peers, fell 1.09 percent at 94.9143 in late trading.

In late New York trading, the euro increased to 1.1458 U.S. dollars from 1.1314 dollars in the previous session, and the British pound was up to 1.3110 dollars from 1.3013 U.S. dollars in the previous session. The Australian dollar decreased to 0.6595 U.S. dollar from 0.6639 dollar.

The U.S. dollar bought 102.15 Japanese yen, lower than 105.23 Japanese yen of the previous session. The U.S. dollar fell to 0.9239 Swiss franc from 0.9368 Swiss franc, and it was up to 1.3629 Canadian dollars from 1.3423 Canadian dollars.

Oil prices collapsed on Monday after Saudi Arabia slashed its official oil prices and signaled a significant production boost. 

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter