The US dollar is recovering from last week’s sharp fall

The US dollar is recovering from last week's sharp fall

NEW YORK, Nov. 14 (Xinhua) — The U.S. dollar strengthened in late trade on Monday, recouping some of the previous week’s losses.

The dollar index, which measures the greenback against six major peers, rose 0.34 percent to 106.6590.

In late New York trading, the euro was down to US$1.0354 from $1.0366 in the previous session, and the British pound was down to US$1.1779 from $1.1854 in the previous session.

The US dollar bought 139.88 , higher than 138.53 Japanese yen from the previous session. The US dollar rose to 0.9415 Swiss francs from 0.9412 Swiss francs and it rose to 1.3286 Canadian dollars from 1.3248 Canadian dollars. The US dollar was up to SEK 10.4512 from SEK 10.3512.

Last week, the US dollar suffered a major setback with the dollar index falling more than 4 percent, as a weaker-than-expected US report raised hopes of less aggressive rate hikes by the .

Source: sn.dk


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