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US dollar inches up on weaker euro, Japanese yen
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IANS | 15 Jan, 2020
The US dollar index rose slightly as risk appetite prompted weakening of
euro, Japanese yen, Australian dollar and Canadian dollar.
In
late New York trading on Tuesday, the euro was down to $1.1129 from
$1.1138 in the previous session, and the British pound was up to $1.3028
from $1.2998 in the previous session, Xinhua reported.
The Australian dollar declined to $0.6904 from $0.6906.
The
US dollar bought 109.98 Japanese yen, higher than 109.91 Japanese yen
of the previous session. The US dollar decreased to 0.9673 Swiss franc
from 0.9706 Swiss franc, but it increased to 1.3058 Canadian dollars
from 1.3047 Canadian dollars.
Though improving trade ties
between the US and China should bode poorly for greenback prospects,
foreign exchange flows were rather quiet in anticipation of the
phase-one trade deal to be signed to give global markets much-desired
good news, according to US foreign exchange and international payment
services company Tempus Inc.
Swiss franc appreciated
substantially against the US dollar on Tuesday after the USput Swiss
franc on its watch list regarding currency manipulation on Monday.
The
Swiss franc is mounting a bit of a comeback after losing ground since
the start of the year based on the chance that the Swiss National Bank
will have to get rid of negative interest rates, said Tempus Inc in a
note.
The dollar index, which measures the greenback against six major peers, picked up 0.02 per cent to 97.3690.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Jul, 2020 |
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