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US dollar rises amid falling British pound

IANS  |  New York 

The US continued to up amid a weaker British pound, as investors remain growingly anxious about the ongoing chaos surrounding

In late trading on Friday, the euro was down to $1.1159 from $1.1171 in the previous session, and the British pound was down to $1.2725 from $1.2791 in the previous session, reported.

The Australian decreased to $0.6866 from $0.6893.

The US bought 110.10 Japanese yen, higher than 109.84 Japanese yen of the previous session.

The US dollar rose to 1.0110 Swiss francs from 1.0101 Swiss francs, and it fell to 1.3442 Canadian dollars from 1.3462 Canadian dollars.

Britain's cross-party discussions over on Friday ended without any agreement six weeks after they started.

The British Opposition said in a letter to that the talks could not carry on because of "the increasing weakness and instability" of the government.

The latest development came one day after May promised to set a timetable for leaving Downing Street following a on the Withdraw Agreement Bill, the legislation needed to implement her deal, next month.

The dollar index, which measures the greenback against six major peers, increased 0.14 per cent at 97.9929 in late trading.

--IANS

pgh/

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

First Published: Sat, May 18 2019. 06:52 IST
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