BUSINESS US dollar strengthens amid risk-averse sentiment


US dollar strengthens amid risk-averse sentiment


08:06, November 10, 2022

NEW YORK, Nov. 9 (Xinhua) -- The U.S. dollar appreciated noticeably in late trading on Wednesday as risk-off sentiment returned to the market, bolstering demand for the safe-haven currency.

The dollar index, which measures the greenback against six major peers, rose 0.83 percent to 110.5490.

In late New York trading, the euro decreased to 1.0005 U.S. dollars from 1.0077 dollars in the previous session, and the British pound was down to 1.1344 U.S. dollars from 1.1537 dollars in the previous session.

The U.S. dollar bought 146.64 Japanese yen, higher than 145.55 Japanese yen of the previous session. The U.S. dollar decreased to 0.9857 Swiss francs from 0.9858 Swiss francs, and it increased to 1.3534 Canadian dollars from 1.3438 Canadian dollars. The U.S. dollar rose to 10.8935 Swedish Kronor from 10.7513 Swedish Kronor.

Market participants are cautiously awaiting the October U.S. consumer price index, a popular measure of inflation, which is slated for release on Thursday.

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