USD drops amid new FBI probe on Clinton emails

The US dollar declined against most major currencies on falling expectations for an interest-rate hike by year-end after the Federal Bureau of Investigation (FBI) announced a plan to probe new emails related to Democratic presidential nominee Hillary Clinton.

The political developments, which happened less than two weeks before the presidential election, weighed on the greenback on Friday, Xinhua news agency reported.

The greenback had been lingering at eight-month highs on market speculation for a rate-hike in December after Clinton winning the election.

The dollar index, which tracks the greenback against six major peers, was down 0.47 per cent at 98.423 in late trading.

In late New York trading, the euro rose to 1.0969 dollars from 1.0902 dollars, and the British pound climbed to 1.2179 dollars from 1.2178 dollars.

The Australian dollar decreased to 0.7584 dollars from 0.7595 dollars.

The dollar bought 104.87 Japanese yen, lower than 105.25 yen in the previous session. The dollar inched down to 0.9881 Swiss francs from 0.9934 Swiss francs, and it rose to 1.3414 Canadian dollars from 1.3387 Canadian dollars.

--IANS

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