US dollar rebounds amid Brexit uncertainty


New York, Jan 30 (IANS): The US dollar bounced on Tuesday as the British pound extended losses against the greenback, after a much-anticipated amendment to postpone Brexit was rejected by the British Parliament.

In late New York trading, the euro was unchanged at close to $1.1427 from $1.1427 in the previous session, and the British pound decreased to $1.3100 from $1.3157 in the previous session, Xinhua news agency reported.

The Australian dollar decreased to $0.7148 from $0.7165.

The US dollar bought 109.27 Japanese yen, lower than 109.35 Japanese yen of the previous session. The US dollar increased to 0.9950 Swiss franc from 0.9916 Swiss franc, and it rose to 1.3283 Canadian dollars from 1.3256 Canadian dollars.

Investors are also waiting for a speech by US Federal Reserve Chairman Jerome Powell scheduled for Wednesday. The central bank's Federal Open Market Committee started its two-day policy meeting on Tuesday.

The market has been betting on the possible loosening of the Fed's monetary tightening later this year, which is normally unfavourable to the greenback in global foreign exchange markets.

  

Top Stories


Leave a Comment

Title: US dollar rebounds amid Brexit uncertainty



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.