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US dollar falls amid rising British pound

IANS  |  New York 

The US decreased in late trading on Friday, amid a stronger British pound, which was lifted by upbeat British data in the first quarter, signalling robust economic growth for the country.

In late trading, the euro increased to $1.1245 from $1.1230 in the previous session, and the British rose to $1.2994 from $1.2988 in the previous session, reported.

The Australian increased to $0.7148 from $0.7146.

The US bought 111.93 Japanese yen, lower than 111.94 Japanese yen of the previous session. The US dollar decreased to 1.0143 Swiss francs from 1.0153 Swiss francs, and it was unchanged at close to 1.3386 Canadian dollars from 1.3386 Canadian dollars.

In the three months to March 2019, the quantity bought in in Britain increased by 1.6 per cent when compared with Quarter 4, 2018, following sustained growth throughout the first three months of the year, said the on Thursday.

Separately, year-on-year growth in the quantity bought increased by 6.7 per cent in March, the highest since October 2016, with a range of stores noting that the milder weather this year helped boost sales, according to the British of official statistics.

The dollar index, which measures the greenback against six major peers, decreased 0.09 per cent at 97.3650 in late trading.

--IANS

pgh/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, April 20 2019. 02:44 IST
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