U.S. dollar slips, euro rises after ECB rate decision

Xinhua
17 Mar 2023, 06:18 GMT+10

NEW YORK, March 16 (Xinhua) -- The U.S. dollar weakened in late trading on Thursday, amid an upward momentum in the euro.

The dollar index, which measures the greenback against six major peers, decreased 0.21 percent to 104.4151.

The euro, the largest component of the index, climbed after the European Central Bank (ECB) on Thursday raised interest rates as planned by 50 basis points despite recent turmoil in the financial markets.

In late New York trading, the euro was up to 1.0611 U.S. dollars from 1.0587 dollars in the previous session, and the British pound rose to 1.2121 U.S. dollars from 1.2077 dollars in the previous session.

The U.S. dollar bought 133.49 Japanese yen, lower than 133.50 Japanese yen of the previous session. The U.S. dollar was up to 0.9298 Swiss francs from 0.9285 Swiss francs, and it fell to 1.3725 Canadian dollars from 1.3741 Canadian dollars. The U.S. dollar decreased to 10.5152 Swedish Kronor from 10.5693 Swedish Kronor.

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