BUSINESS US dollar sinks further

BUSINESS

US dollar sinks further

Xinhua

07:29, August 22, 2018

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(Photo: VCG)

NEW YORK, Aug. 21 (Xinhua) -- The US dollar decreased in late trading on Tuesday amid outlook of less aggressive stance of central bank of the United States.

The dollar index, which measures the greenback against six major peers, decreased 0.67 percent to 95.2550 at 3:00 p.m.

The US Federal Reserve only needs to raise interest rates by three or four more times before pausing for review, said Dallas Fed President Robert Kaplan in an essay on Tuesday.

In late New York trading, the euro was up to $1.1572 from $1.1467 in the previous session, and the British pound was up to $1.2902 from $1.2785 in the previous session. The Australian dollar increased to $0.7365 from $0.7327.

The US dollar bought 110.41 Japanese yen, higher than 110.21 Japanese yen of the previous session. The US dollar decreased to 0.9852 Swiss franc from 0.9920 Swiss franc, and it decreased to 1.3044 Canadian dollars from 1.3049 Canadian dollars.

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