U.S. dollar declines as euro climbs

June 23, 2018 7:00 PM

NEW YORK, June 22 (Xinhua) — The U.S. dollar dropped on Friday as euro rose amid positive regional economic data.
Latest report from European data firm Markit showed that business activity in Germany and France, the euro zone’s top two economies, picked up in June despite trade tensions between Europe and the United States.
The shared currency rose more than 0.50 percent against the U.S. dollar in late trading.
Meanwhile, the greenback was under further pressure as commodity-linked currencies gained broadly on Friday after global oil prices rallied over 4 percent.
The dollar index, which measures the greenback against six major peers, decreased 0.37 percent at 94.508 in late trading.
In late New York trading, the euro climbed to 1.1662 dollars from 1.1622 dollars in the previous session, and the British pound rose to 1.3261 dollars from 1.3253 U.S. dollars in the previous session. The Australian dollar went up to 0.7440 dollar from 0.7389 dollar.
The U.S. dollar bought 109.98 Japanese yen, higher than 109.86 Japanese yen of the previous session. The U.S. dollar inched down to 0.9879 Swiss franc from 0.9908 Swiss franc, and it declined to 1.3268 Canadian dollars from 1.3305 Canadian dollars.

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