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US dollar rises as global stocks rally

Thu, Sep 10, 2015, 11:22 AM
New York, Sep 10: The US dollar climbed against most major currencies on Wednesday following increases across global equity markets.

The Tokyo stocks soared 7.71 percent on Wednesday with the benchmark Nikkei stock index rising by its highest margin since 1994 on optimism over the global economy.

Chinese shares remained in positive territory for the second consecutive day on Wednesday.

European stocks also rallied on Wednesday, with the FTSE 100 Index, the benchmark of the London Stock Exchange, increasing 1.35 percent, while US stocks also opened higher on Wednesday, reports Xinhua.

The dollar index, which measures the greenback against six major currencies, was up 0.06 percent at 96.042 in late trading.

The greenback was further boosted by the positive jobs data from the country. The US Labour Department said on Wednesday that the number of job openings rose to a record high of 5.8 million on the last business day of July.

In late New York trading, the euro rose to $1.1198 from $1.1187 in the previous session, and the British pound dropped to $1.5365 from $1.5384 in the previous session.

The Australian dollar moved down to $0.7017 from $0.7030.

The US dollar bought 120.56 Japanese yen, higher than 119.99 yen of the previous session. The US dollar dived to 0.9745 Swiss franc from 0.9814 Swiss franc and hiked to 1.3245 Canadian dollars from 1.3211 Canadian dollars.
Agency: IANS

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