US dollar rises amid falling British pound

by IANS |

New York, May 18 (IANS) The US dollar continued to tick up amid a weaker British pound, as investors remain growingly anxious about the ongoing chaos surrounding Brexit.

In late New York trading on Friday, the euro was down to $1.1159 from $1.1171 in the previous session, and the British pound was down to $1.2725 from $1.2791 in the previous session, Xinhua reported. 

The Australian dollar decreased to $0.6866 from $0.6893.

The US dollar bought 110.10 Japanese yen, higher than 109.84 Japanese yen of the previous session. 

The US dollar rose to 1.0110 Swiss francs from 1.0101 Swiss francs, and it fell to 1.3442 Canadian dollars from 1.3462 Canadian dollars. 

Britain's cross-party discussions over Brexit on Friday ended without any agreement six weeks after they started.

The British Opposition Labour leader Jeremy Corbyn said in a letter to Prime Minister Theresa May that the talks could not carry on because of "the increasing weakness and instability" of the government.

The latest development came one day after May promised to set a timetable for leaving Downing Street following a Parliament vote on the Withdraw Agreement Bill, the legislation needed to implement her deal, next month.

The dollar index, which measures the greenback against six major peers, increased 0.14 per cent at 97.9929 in late trading.

Latest News
Reservation given earlier to Muslim community continued in Karnataka: CM Siddaramaiah Thu, Apr 25, 2024, 04:37 PM
Adani Group's ACC Limited logs highest-ever annualised PAT at Rs 2,337 crore in FY24 Thu, Apr 25, 2024, 04:34 PM
Indian rupee to appreciate to Rs 82–82.50 in FY25: CARE Ratings Thu, Apr 25, 2024, 04:33 PM
Commonwealth Secretariat recognises India's Public Redress System as global best practice Thu, Apr 25, 2024, 04:31 PM
Congress, SP playing divisive politics, says PM Modi in Agra Thu, Apr 25, 2024, 04:28 PM
Former Zimbabwe cricketer Guy Whittall injured by leopard Thu, Apr 25, 2024, 04:24 PM
'NWHL provides a platform for our top women's hockey talent to show their skills', says Bhola Nath Singh Thu, Apr 25, 2024, 03:54 PM
ICEA shares blueprint for India to become a global leader in chip value chain Thu, Apr 25, 2024, 03:53 PM
Nestle India’s net profit up 27 pc in Q4; to form a JV with Dr Reddy's Laboratories Thu, Apr 25, 2024, 03:53 PM
More minors being 'groomed' into making sexual videos amid toughened punishment: South Korea Thu, Apr 25, 2024, 03:52 PM
North Korea touts ties with Russia on Kim-Putin summit anniversary Thu, Apr 25, 2024, 03:51 PM
Constituency watch: TMC at advantage in minority-dominated Uluberia Thu, Apr 25, 2024, 03:50 PM
Constituency Watch: BJP, Congress and Kshatriya community in showdown at Gujarat's Surendranagar Thu, Apr 25, 2024, 03:49 PM
Cong candidate in Kerala suspects foul play as list of poll officials leaked, one suspended Thu, Apr 25, 2024, 03:48 PM
Congress tied hands of our soldiers, we gave them full freedom to retaliate: PM Modi Thu, Apr 25, 2024, 02:02 PM