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US dollar falls after White House turmoil

IANS  |  New York 

The US index decreased on Tuesday following the news about the replacement of the country's

In late trading, the euro rose to $1.2397 from $1.2336 in the previous session, and the British pound rose to $1.3977 from $1.3906 in the previous session, reported.

The Australian fell to $0.7867 from $0.7877.

The US bought 106.64 Japanese yen, higher than 106.37 Japanese yen of the previous session. The US was down to 0.9439 Swiss franc from 0.9466 Swiss franc, and it was up to 1.2942 Canadian dollars from 1.2828 Canadian dollars.

US announced Tuesday that he decided to replace with CIA (Central Intelligence Agency)

Tillerson's departure raised market concerns that the will institute protectionist policies and be more aggressive in negotiating trade tariffs with other countries.

Analysts said historically tariffs led to weaker during the presidencies of and

On the economic front, the Index (CPI) for all urban consumers increased 0.2 per cent in February on a seasonally adjusted basis, in line with market consensus, the reported on Tuesday.

Over the last 12 months, the all items index rose 2.2 per cent before seasonal adjustment.

The index for all items less and increased 0.2 per cent in February, and it rose 1.8 per cent over the past 12 months, the same figure as the prior two months.

The index, which measures the greenback against six major peers, fell 0.25 per cent at 89.675 in late trading.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 05:42 IST