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U.S. dollar fell on worries over Trump policies

Xinhua, January 26, 2017 Adjust font size:

The U.S. dollar fell against most major currencies on Wednesday as investors worry U.S. President Donald Trump is focusing too much on protectionism.

Trump signed executive orders on Wednesday to build a wall on the U.S.-Mexico border, boost border patrol forces and curb illegal immigrants entering the country.

Analysts said investors are disappointed because they have not heard any details on the economic stimulus plans so far.

Meanwhile, the British pound rose on hopes for a trade deal between Britain and the United States, which British Prime Minister Theresa May said on Wednesday would put UK interests and UK values first.

The dollar index, which measures the greenback against six major peers, decreased 0.17 percent at 100.180 in late trading Wednesday.

In late New York trading, the euro rose to 1.0729 dollars from 1.0728 dollars in the previous session, and the British pound climbed to 1.2623 dollars from 1.2504 U.S. dollars in the previous session. The Australian dollar decreased to 0.7551 dollar from 0.7577 dollar.

The U.S. dollar bought 113.80 Japanese yen, lower than 113.87 yen of the previous session. The U.S. dollar fell to 1.0011 Swiss francs from 1.0014 Swiss francs, and it edged down to 1.3085 Canadian dollars from 1.3157 Canadian dollars. Enditem