ZCZC
BCN-28
US-FOREX
U.S. dollar weakens amid rising sterling
NEW YORK, Sept. 4, 2019 (BSS/Xinhua) – The U.S. dollar fell on Tuesday
amid the rebounding British pound, as British Prime Minister Boris Johnson on
Tuesday lost a key Brexit vote in the House of Commons, easing fears over a
potential no-deal Brexit.
The British government was defeated by a margin of 27 votes as rebel
lawmakers seize the control of the parliamentary agenda on Wednesday, which
will allow a debate on a bill to block a no-deal Brexit.
The outcome of parliamentary vote is seen as a heavy blow to Johnson, who
vowed to take his country out of the European Union (EU) on Oct. 31 with or
without a deal, despite strong opposition from rebel Tory and opposition MPs.
With rebel alliance taking control of the parliamentary business, it is
expected that a bill seeking to delay the UK’s departure from the EU beyond
Oct. 31 will be brought forward.
The dollar index, which measures the greenback against six major peers,
was down 0.04 percent at 98.9947 in late trading.
In late New York trading, the euro fell to 1.0966 dollars from 1.0970
dollars in the previous session, and the British pound increased to 1.2085
dollars from 1.2067 U.S. dollars in the previous session. The Australian
dollar increased to 0.6760 dollar from 0.6716 dollar.
The U.S. dollar bought 105.99 Japanese yen, lower than 106.19 Japanese yen
of the previous session. The U.S. dollar fell to 0.9874 Swiss franc from
0.9904 Swiss franc, and it decreased to 1.3326 Canadian dollars from 1.3328
Canadian dollars.
BSS/XINHUA/HR/1436