U.S. dollar rises after stock turmoil
Xinhua,February 08, 2018 Adjust font size:
NEW YORK, Feb. 7 (Xinhua) -- U.S. dollar rose in late trading on Wednesday against other major currencies after days of stock sell-off and volatility.
Analyst said investors have been selling assets for the greenback, as the latter is considered less risky.
The dollar index, which measures the greenback against six major peers, increased 0.73 percent to 90.238 at 3:00 p.m. (2000 GMT).
In late New York trading, the euro fell to 1.2276 dollars from 1.2391dollars in the previous session, and the British pound dipped to 1.3880 dollars from 1.3958 dollars in the previous session. The Australian dollar decreased to 0.7822 dollar from 0.7887 dollar.
The U.S. dollar bought 109.49 Japanese yen, higher than 109.36 yen of the previous session. The U.S. dollar rose to 0.9429 Swiss franc from 0.9361 Swiss francs, and it moved up to 1.2568 Canadian dollars from 1.2522 Canadian dollars. Enditem