U.S. dollar rises amid weakening sterling
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E-mail Xinhua, February 12, 2019
NEW YORK, Feb. 11 (Xinhua) -- U.S. dollar extended gains on Monday amid the falling sterling.
The British pound declined after a slew of data on Monday showed weakness in the economy.
Britain's gross domestic product (GDP) in the final quarter of last year saw an estimated growth of 0.2 percent, below the Bank of England's forecast, according to figures published Monday by the Office for National Statistics (ONS). For 2018 as a whole, GDP growth slipped to a record low of 1.4 percent.
The dollar index, which measures the greenback against six major peers, was up 0.44 percent at 97.0608 in late trading.
In late New York trading, the euro fell to 1.1275 dollars from 1.1322 dollars in the previous session, and the British pound fell to 1.2860 dollars from 1.2932 U.S. dollars in the previous session. The Australian dollar fell to 0.7062 dollar from 0.7085 dollar.
The U.S. dollar bought 110.40 Japanese yen, higher than 109.77 Japanese yen of the previous session. The U.S. dollar rose to 1.0040 Swiss francs from 0.9999 Swiss franc, and it increased to 1.3298 Canadian dollars from 1.3268 Canadian dollars. Enditem
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