Dollar dips slightly

The US dollar dipped slightly against its major rivals in holiday-impacted trading on Monday.

Financial markets in Australia and many major countries in Europe were closed due to the Easter holiday. Currency market continued in relatively light trading, reports Xinhua news agency.

The dollar index, which measures the greenback against six major peers, was down 0.08 per cent at 97.2894 in late trading.

In late New York trading, the Euro rose to 1.1258 dollars from 1.1245 dollars in the previous session and the British pound fell to 1.2980 dollars from 1.2994 dollars in the previous session. The Australian dollar was down to 0.7131 dollar from 0.7148 dollar.

The US dollar bought 111.93 Japanese yen, the same as 111.93 Japanese yen of the previous session. The US dollar was up to 1.0160 Swiss francs from 1.0143 Swiss francs, and it was down to 1.3344 Canadian dollars from 1.3386 Canadian dollars.

The Canadian dollar got a boost from the rallying oil prices on Monday. Canada is a significant exporter of crude oil.

The West Texas Intermediate for May delivery rose 1.70 dollars to settle at 65.70 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery was up 2.07 dollars to close at 74.04 dollars a barrel on the London ICE Futures Exchange.

--IANS

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