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U.S. dollar drops amid new FBI probe on Clinton emails

Xinhua, November 1, 2016 Adjust font size:

The U.S. dollar declined against most major currencies on Monday on falling expectations for an interest-rate hike by year-end after the Federal Bureau of Investigation (FBI) announced a plan to probe new emails related to Hillary Clinton.

The political developments, which happened less than two weeks before the presidential election, continued to weigh on the greenback on Monday.

Clinton's lead over her Republican counterpart, Donald Trump, has narrowed significantly since Friday's news broke, according to data from RealClearPolitics.

The greenback had been lingering at eight-month highs on market speculation for a rate-hike in December if Clinton is elected.

On the economic front, U.S. personal income increased 46.7 billion U.S. dollars, or 0.3 percent, in September, missing market consensus of a 0.4-percent gain, according to Commerce Department on Monday.

In late New York trading, the euro rose to 1.0977 dollars from 1.0969 dollars, and the British pound climbed to 1.2228 dollars from 1.2179 dollars. The Australian dollar increased to 0.7611 dollars from 0.7584 dollars.

The dollar bought 104.88 Japanese yen, higher than 104.87 yen in the previous session. The dollar inched up to 0.9896 Swiss francs from 0.9881 Swiss francs, and it dropped to 1.3406 Canadian dollars from 1.3414 Canadian dollars. Enditem