U.S. dollar edges higher in volatile trading

Xinhua
12 Aug 2020, 06:18 GMT+10

NEW YORK, Aug. 11 (Xinhua) -- The U.S. dollar rose modestly in late trading on Tuesday as market participants closely watched coronavirus-related economic relief in the United States.

The dollar index, which measures the greenback against six major peers, increased 0.05 percent at 93.6304.

In late New York trading, the euro was up to 1.1745 U.S. dollars from 1.1742 dollars in the previous session, and the British pound decreased to 1.3062 dollars from 1.3068 U.S. dollars in the previous session. The Australian dollar was unchanged at close to 0.7151 U.S. dollar from 0.7151 dollar.

The U.S. dollar bought 106.65 Japanese yen, higher than 105.94 Japanese yen of the previous session. The U.S. dollar was up to 0.9173 Swiss franc from 0.9151 Swiss franc, and it decreased to 1.3282 Canadian dollars from 1.3352 Canadian dollars.

Traders grappled with the uncertain fate of further coronavirus stimulus as U.S. lawmakers were still arguing over the design of the new package.

More than 5.1 million confirmed COVID-19 cases have been reported in the United States with fatalities topping 164,000 as of Tuesday afternoon, according to a tally by Johns Hopkins University.

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