ZCZC
BCN-19
US-FOREX
U.S. dollar rises after Fed cuts interest rates
NEW YORK, Sept. 19, 2019 (BSS/Xinhua) – The U.S. dollar rose in late
trading on Wednesday after the Federal Reserve cut interest rates by a
quarter of a percentage point.
The Federal Open Market Committee, the Fed’s rate-setting body, trimmed the
target for the federal funds rate by 25 basis points to a range of 1.75
percent to 2 percent after concluding its two-day policy meeting, largely in
line with market expectation.
The dollar index, which measures the greenback against six major peers,
increased 0.31 percent at 98.5730 in late trading.
In late New York trading, the euro decreased to 1.1031 dollars from 1.1066
dollars in the previous session, and the British pound fell to 1.2463 dollars
from 1.2502 U.S. dollars in the previous session. The Australian dollar fell
to 0.6824 dollar from 0.6860 dollar.
The U.S. dollar bought 108.35 Japanese yen, higher than 108.20 Japanese yen
of the previous session. The U.S. dollar was up to 0.9971 Swiss franc from
0.9936 Swiss franc, and it was up to 1.3295 Canadian dollars from 1.3251
Canadian dollars.
BSS/XINHUA/HR/1350