U.S. dollar rises amid safe-haven demand

0 Comment(s)Print E-mail Xinhua, November 20, 2021
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NEW YORK, Nov. 19 (Xinhua) -- The U.S. dollar strengthened in late trading on Friday as appetite for the safe-haven currency increased amid COVID-19 concerns.

The dollar index, which measures the greenback against six major peers, rose 0.52 percent at 96.0384.

In late New York trading, the euro was down to 1.1289 U.S. dollars from 1.1372 dollars in the previous session, and the British pound was down to 1.3446 dollars from 1.3499 U.S. dollars in the previous session. The Australian dollar was down to 0.7235 U.S. dollar from 0.7274 dollar.

The U.S. dollar bought 113.95 Japanese yen, lower than 114.22 Japanese yen of the previous session. The U.S. dollar was up to 0.9286 Swiss franc from 0.9255 Swiss franc, and it increased to 1.2660 Canadian dollars from 1.2607 Canadian dollars.

The above market reactions came as many European countries have tightened anti-pandemic measures and accelerated vaccination programs amid soaring COVID-19 cases. Enditem

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