US dollar declines against British pounds amid Brexit optimism

Last Updated: Wed, Oct 16, 2019 10:48 hrs
US Dollar

New York: The US dollar declined against the British pound after news reports showed Britain and European Union (EU) negotiators are closing in on a draft Brexit deal.

EU officials were cited by Bloomberg as saying that there could be a breakthrough before the end of Tuesday, Xinhua news agency reported.

The dollar index, which measures the greenback against six major peers, decreased 0.16 per cent at 98.2867 in late trading.

In late New York trading, the euro was up to US $1.1034 from US $1.1031 in the previous session, and the British pound increased to US $1.2781 from US $1.2576 in the previous session.