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U.S. dollar falls after Trump's press conference

Xinhua, January 13, 2017 Adjust font size:

The U.S. dollar continued to drop against most major currencies on Thursday as Trump's press conference failed to provide fresh catalyst to it.

U.S. President-elect Donald Trump held his first news conference Wednesday since the election, and investors expected to get a clearer picture on trade, tax plans and fiscal stimulus from the new administration. However, the press conference concluded without providing details on those policies.

Analysts said some investors were seeking to pare their long dollar positions in case the coming reality of Trump's administration fail to live up to expectations.

The dollar index, which tracks the greenback against six major peers, was down 0.56 percent at 101.210 in late trading.

In late New York trading, the euro rose to 1.0638 dollars from 1.0601 dollars, and the British pound edged down to 1.2169 dollars from 1.2232 dollars. The Australian dollar increased to 0.7504 dollars from 0.7453 dollars.

The dollar bought 114.27 Japanese yen, lower than 115.07 yen in the previous session. The dollar fell to 1.0093 Swiss francs from 1.0124 Swiss francs, and it edged down to 1.3126 Canadian dollars from 1.3168 Canadian dollars. Enditem