NEW YORK, Dec. 16 (Xinhua) — The U.S. dollar rose in late trade on Friday as market participants digested statements from major central banks.
The dollar index, which measures the greenback against six major peers, rose 0.14 percent to 104.7030, after a 0.76 percent jump in the previous session.
In late New York trading, the euro fell to US$1.0602 from US$1.0634 in the previous session, and the British pound was down to US$1.2169 from US$1.2190 in the previous session.
The US dollar bought 136.58 Japanese yen, down from 137.73 Japanese yen from the previous session. The US dollar rose to 0.9333 Swiss francs from 0.9282 Swiss francs, and it was up to 1.3690 Canadian dollars from 1.3650 Canadian dollars. The US dollar rose to SEK 10.3966 from SEK 10.3259.
The European Central Bank (ECB), Swiss National Bank (SNB) and Bank of England (BoE) all raised interest rates by 50 basis points on Thursday, following a similar move by the Federal Reserve on Wednesday.
ECB President Christine Lagarde said interest rates “still need to rise significantly and at a steady pace” and signaled the ECB would raise its key rate further than what the market is currently pricing in.
SNB President Thomas Jordan said it was too early to “sound all clear” about high inflation, and further rate hikes “cannot be ruled out.” The BoE also warned of the need for further rate hikes.
Source: sn.dk
