U.S. dollar rises amid falling sterling, euro

Source: Xinhua| 2019-02-22 10:21:59|Editor: Xiaoxia
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NEW YORK, Feb. 21 (Xinhua) -- The U.S. dollar rose on Thursday, as the British pound and the euro both dropped due to growing volatility surrounding Brexit.

Investors and traders remained cautious in trading with the two currencies with only several weeks away from the legally set EU-Britain divorcing date on March 29.

Philip Hammond, British chancellor of the Exchequer, said Thursday that it remained possible that a "very bad" no-deal Brexit would happen despite the British government's determination to secure an agreement with the EU, according to the BBC.

President of the European Commission Jean-Claude Juncker said Thursday he was "not very optimistic" about securing a deal between the EU and Britain after meeting British Prime Minister Theresa May on Wednesday.

In late New York trading, the euro fell to 1.1336 dollars from 1.1351 dollars in the previous session, and the British pound fell to 1.3039 dollars from 1.3061 dollars in the previous session. The Australian dollar decreased to 0.7080 dollar from 0.7173 dollar.

The U.S. dollar bought 110.66 Japanese yen, lower than 110.82 Japanese yen of the previous session. The U.S. dollar was up to 1.0013 Swiss franc from 1.0002 Swiss franc, and it increased to 1.3224 Canadian dollars from 1.3154 Canadian dollars.