U.S. dollar rises amid risk-off sentiment

0 Comment(s)Print E-mail Xinhua, June 29, 2022
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NEW YORK, June 28 (Xinhua) -- The U.S. dollar climbed in late trading on Tuesday as market participants fled riskier assets for safe-havens amid concerns over global growth.

The dollar index, which measures the greenback against six major peers, increased 0.54 percent to 104.5050.

In late New York trading, the euro fell to 1.0525 U.S. dollars from 1.0586 dollars in the previous session, and the British pound was down to 1.2183 U.S. dollars from 1.2277 dollars in the previous session. The Australian dollar decreased to 0.6913 U.S. dollars from 0.6923 U.S. dollars.

The U.S. dollar bought 136.29 Japanese yen, higher than 135.44 Japanese yen of the previous session. The U.S. dollar rose to 0.9572 Swiss franc from 0.9563 Swiss franc, and it was down to 1.2871 Canadian dollars from 1.2879 Canadian dollars.

The above market reactions came as concerns that the global economy might weaken put pressure on market sentiment. Enditem

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