U.S. dollar rises as U.S.-Mexico deal boosts risk sentiment

Source: Xinhua| 2019-06-11 04:18:18|Editor: huaxia
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NEW YORK, June 10 (Xinhua) -- The U.S. dollar edged up in late trading on Monday after the United States reached an agreement with Mexico on immigration to avert tariffs.

U.S. President Donald Trump said on Friday that the tariffs scheduled to be implemented by the U.S. on Monday against Mexico were indefinitely suspended as Mexico agreed to take strong measures to stem the tide of migration through Mexico, and to the U.S. south border.

The news boosted market's risk sentiment and was the major reason that the dollar had an overnight bounce, analysts said.

The dollar index, which measures the greenback against six major peers, increased 0.21 percent at 96.7585 in late trading.

In late New York trading, the euro fell to 1.1315 dollars from 1.1337 dollars in the previous session, and the British pound decreased to 1.2689 dollars from 1.2739 U.S. dollars in the previous session. The Australian dollar fell to 0.6957 dollar from 0.7003 dollar.

The U.S. dollar bought 108.42 Japanese yen, higher than 108.16 Japanese yen of the previous session. The U.S. dollar was up to 0.9895 Swiss franc from 0.9868 Swiss franc, and it decreased to 1.3270 Canadian dollars from 1.3271 Canadian dollars. Enditem

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