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U.S. dollar falls amid political uncertainty

Xinhua, February 9, 2017 Adjust font size:

The U.S. dollar decreased against most other major currencies on Wednesday, amid uncertainty about President Donald Trump's economic policies.

Analysts thought that concerns about the impact on the world economy of Trump's protectionism and immigration policy have undermined the greenback, along with the new administration's hints that it would prefer a weaker dollar.

There was no major economic data due out Wednesday.

The dollar index, which measures the greenback against six major peers, decreased 0.02 percent at 100.240 in late trading Wednesday.

In late New York trading, the euro fell to 1.0688 dollars from 1.0694 dollars in the previous session, and the British pound rose to 1.2530 dollars from 1.2515 dollars in the previous session. The Australian dollar climbed to 0.7637 dollar from 0.7633 dollar.

The U.S. dollar bought 112.06 Japanese yen, lower than 112.10 yen of the previous session. The U.S. dollar dipped to 0.9953 Swiss francs from 0.9976 Swiss francs, and it moved down to 1.3158 Canadian dollars from 1.3169 Canadian dollars. Endit