U.S. dollar declines amid political uncertainties

Source: Xinhua| 2017-05-23 05:08:10|Editor: yan
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NEW YORK, May 22 (Xinhua) -- The U.S. dollar fell against most other major currencies on Monday as the country's political uncertainties continued to weigh on the market.

With no major economic data due Monday, investors were still assessing the economic impacts of the country's political uncertainties.

After U.S. President Donald Trump's recent firing of FBI Director James Comey, worries grow about whether Trump administration could continue to push its economic reform agenda.

The dollar index, which measures the greenback against six major peers, decreased 0.19 percent at 96.957 in late trading Monday.

In late New York trading, the euro rose to 1.1236 dollars from 1.1208 dollars in the previous session, and the British pound lost to 1.2997 dollars from 1.3035 U.S. dollars in the previous session. The Australian dollar gained to 0.7475 dollar from 0.7464 dollar.

The U.S. dollar bought 111.20 Japanese yen, lower than 111.30 yen of the previous session. The U.S. dollar climbed to 0.9733 Swiss franc from 0.9732 Swiss franc, and it moved down to 1.3510 Canadian dollars from 1.3516 Canadian dollars.

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