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U.S. Dollar Rises as Fears over U.S.-Iran Tensions Ease

https://en.steelhome.com [SteelHome] 2020-01-09 11:09:59

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The U.S. dollar rose in late trading on Wednesday, as investors' fears over escalating U.S. -Iran tensions eased following U.S. President Donald Trump's remarks on an Iran attack.

Iran on Wednesday local time launched ballistic missiles at Iraqi bases housing U.S. troops in retaliation for the U.S. killing of Iranian general Qassem Soleimani.

Trump said Wednesday at the White House that no U.S. casualties have resulted from the attack and that "Iran appears to be standing down," calling it "a good thing" for all parties concerned.

Safe-haven currencies including Japanese yen and Swiss franc weakened against the dollar.

The dollar index, which measures the greenback against six major peers, was up 0.30 percent at 97.3000 in late trading.

In late New York trading, the euro was down to 1.1113 U.S. dollars from 1.1145 dollars in the previous session, and the British pound was down to 1.3101 U.S. dollars from 1.3120 dollars in the previous session. The Australian dollar rose to 0.6873 U.S. dollar from 0.6869 dollar.

The U.S. dollar bought 109.22 Japanese yen, higher than 108.52 Japanese yen of the previous session. The U.S. dollar increased to 0.9737 Swiss franc from 0.9708 Swiss franc, and it increased to 1.3029 Canadian dollars from 1.3003 Canadian dollars.

Source: Xinhua
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