ZCZC
BCN-30
US-FOREX
U.S. dollar declines as euro rebounds
NEW YORK, June 6, 2018 (BSS/Xinhua) – The U.S. dollar dropped on Tuesday
as euro recovered following a report that the European Central Bank (ECB)
would wind down its monetary stimulus.
Bloomberg News reported on Tuesday that ECB officials anticipated that the
upcoming June 14 meeting could end with the central bank ceasing its asset
purchases.
Euro was also supported after Italian Prime Minister Giuseppe Conte said
Italy has no plans to exit the euro, lowering market fears for a divided euro
zone.
The shared currency rose 0.2 percent against the dollar in late trading
after the news. The dollar index, which measures the greenback against six
major peers, decreased 0.14 percent at 93.909 in late trading.
In late New York trading, the euro rose to 1.1714 dollars from 1.1697
dollars in the previous session, and the British pound rose to 1.3393 dollars
from 1.3315 U.S. dollars in the previous session. The Australian dollar was
down to 0.7615 dollar from 0.7653 dollar.
The U.S. dollar bought 109.74 Japanese yen, higher than 109.72 Japanese
yen of the previous session. The U.S. dollar fell to 0.9846 Swiss franc from
0.9881 Swiss franc, and it was up to 1.2973 Canadian dollars from 1.2930
Canadian dollars.
BSS/XINHUA/HR/1235