Xinhua
30 May 2023, 05:14 GMT+10
NEW YORK, May 29 (Xinhua) -- The U.S. dollar rose slightly in late trading on Monday with improving risk appetite following the announcement of U.S. debt ceiling deal.
The dollar index, which measures the greenback against six major peers, rose 0.06 percent at 104.2663 in late trading.
The White House and House Republicans inked a deal on federal government debt ceiling on the weekend, lending support to the U.S. dollar in contrast with euro.
The narrowing of U.S. credit default swaps (CDS) over the short term indicates reduced concerns about a U.S. debt default, which could strengthen the U.S. dollar and exert downward pressure on the exchange rate of euro against the U.S. dollar, said James Hyerczyk, senior market analyst with market information supplier FX Empire.
Still, the U.S. dollar weakened against most of other major currencies as risk appetite improved.
The thin trading during U.S. Memorial Day holiday led to narrow fluctuation of major pairs of foreign exchange rate on Monday.
In late New York trading, the euro was down to 1.0709 dollars from 1.0730 dollars in the previous session, and the British pound increased to 1.2357 dollars from 1.2350 U.S. dollars in the previous session.
The U.S. dollar bought 140.3940 Japanese yen, lower than 140.6220 Japanese yen of the previous session. The U.S. dollar fell to 0.9041 Swiss francs from 0.9047 Swiss francs, and it fell to 1.3593 Canadian dollars from 1.3615 Canadian dollars. The U.S. dollar rose to 10.8185 Swedish Krona from 10.8130 Swedish Krona.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationMADISON, Wisconsin: Tens of millions of residents across the Midwest and East Coast faced dangerously high temperatures over the weekend...
KHAN YOUNIS, Gaza - Seven Israeli soldiers were killed in a large explosion in southern Gaza's Khan Younis area on Tuesday night,...
DUBAI, U.A.E.: Iran's top clerics are quietly accelerating succession plans for Supreme Leader Ayatollah Ali Khamenei, who was threatened...
BEIJING, China: Extreme weather is once again testing China's resilience, as intensifying monsoon rains trigger floods across major...
LONDON/PARIS: British and French authorities have warned people to stay safe as an early summer heat wave brings unusually high temperatures...
ANKARA, Turkey: Amid rising tensions in the Middle East, the Organisation of Islamic Cooperation (OIC) announced it would form a new...
MADISON, Wisconsin: Tens of millions of residents across the Midwest and East Coast faced dangerously high temperatures over the weekend...
Revealed CVO Launch Later Harley-Davidson is the worlds most recognizable cruiser and bagger motorcycle manufacturer. This quintessentially...
byDallas Cowboys Mailbag,Nick Eatman&Kurt Daniels (Editor's Note: Time to check the mail! The DallasCowboys.com staff writers answer...
Christian Watsons videos are as encouraging as they are awe-inspiring Wes Hodkiewicz Robert from Verona, WI I'll root for anybody...
The Lions retain most of a loaded roster that took them to a 15-2 record in 2024, especially on offense, but face the challenge of...
Bob Labriola The opinions found in Asked and Answered do not reflect the views of the Steelers organization. MICHAEL WILLIAMS FROM...