ZCZC
BCN-09
US-FOREX
U.S. dollar rises amid fall of sterling
NEW YORK, Aug. 22, 2019 (BSS/Xinhua) – The U.S. dollar increased on
Wednesday amid the decline of British pound, as investors remained cautious
about a potential path for Brexit.
The dollar index, which measures the greenback against six major peers,
increased 0.12 percent at 98.3038 in late trading.
In late New York trading, the euro decreased to 1.1085 dollars from 1.1096
dollars in the previous session, and the British pound fell to 1.2123 dollars
from 1.2165 U.S. dollars in the previous session. The Australian dollar
increased to 0.6781 dollar from 0.6775 dollar.
The U.S. dollar bought 106.60 Japanese yen, higher than 106.27 Japanese
yen of the previous session. The U.S. dollar increased to 0.9824 Swiss franc
from 0.9782 Swiss franc, and it fell to 1.3291 Canadian dollars from 1.3316
Canadian dollars.
German Chancellor Angela Merkel and visiting British Prime Minister Boris
Johnson on Wednesday reiterated the Brexit with a deal, but were different in
approaches.
At a joint press conference before their meeting, Johnson said he believed
the so-called backstop, an arrangement in the withdrawal deal designed to
avoid a hard border on the island of Ireland, had “grave, grave defects” and
that it therefore “plainly has to go.”
Merkel said the backstop was intended only as a transitional rule for the
not finally resolved Ireland issue. So far, it has been assumed that a final
solution will be found in the next two years.
In his first trip abroad since assuming office, Johnson called again for
re-negotiations for the Brexit agreement between Britain and the European
Union (EU) in order to avoid Britain leaving the bloc without a deal on Oct.
31.
The EU, Merkel and French President Emmanuel Macron have repeatedly
rejected to renegotiate the Brexit deal with London. The Brexit deal made
under Johnson’s predecessor Theresa May was rejected three times by the
British Parliament.
BSS/XINHUA/HR/1150