US dollar rises amid falling sterling

New York, Sep 9 (IANS) The US dollar rose in late trading on Tuesday amid a weak momentum in the British pound.

The dollar index, which measures the greenback against six major peers, was up 0.40 per cent at 93.4450 in late trading, Xinhua reported.

In late New York trading on Tuesday, the euro was down to $1.1780 from $1.1811 in the previous session, and the British pound fell to $1.2990 from $1.3168 in the previous session. The Australian dollar decreased to $0.7215 from $0.7276.

The US dollar bought 106.03 Japanese yen, lower than 106.28 Japanese yen of the previous session. The US dollar was up to 0.9173 Swiss franc from 0.9162 Swiss franc, and it increased to 1.3222 Canadian dollars from 1.3094 Canadian dollars.

Sterling dropped as traders worried about uncertainty around Brexit.

Crucial talks aimed at finding a post-Brexit trade deal between Britain and the European Union (EU) opened Tuesday in London.

British Prime Minister Boris Johnson said on Monday that he wants a post-Brexit trade deal agreed with the EU by an October 15 deadline, warning that a failure of that could mean London ending its EU membership with no deal.

–IANS

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