Dollar gains amid falling sterling

Source :IANS
Author :IANS
Last Updated: Fri, Oct 25th, 2019, 17:34:16hrs
Dollar gains amid falling sterling

New Delhi: The dollar appreciated against its major rivals in late trading on Thursday amid weakening sterling.

The pound lost some strength following British Prime Minister Boris Johnson's call for a general election, the Xinhua news agency reported.

The Prime Minister on Thursday said that he would give MPs more time to debate the new Brexit deal he reached with the European Union as long as they agree to a December 12 general election.

The latest move came days after the Brexit legislation was in limbo after MPs rejected Johnson's plan to get it through the House of Commons in three days.

The dollar index, which measures the greenback against six major peers, was up 0.14 per cent at 97.6350 in late trading.

In late New York trading, the euro fell to $1.1107 from $1.1127 in the previous session, and the British pound decreased to $1.2863 from $1.2904 in the previous session. The Australian dollar fell to $0.6821 from $0.6851.

The dollar bought 108.61 Japanese yen, lower than 108.65 Japanese yen of the previous session. The dollar was up to 0.9920 Swiss franc from 0.9905 Swiss franc, and it was down to 1.3071 Canadian dollars from 1.3077 Canadian dollars.