NEW YORK, June 9 (Xinhua) -- The U.S. dollar rose against most other major currencies on Friday as investors assessed the economic impacts of the British general election.
As British Prime Minister Theresa May gambled her political future on calling for a snap general election seven weeks ago, results from Thursday's election showed that her party can not form a majority government.
May confirmed Friday afternoon she will form a Westminster government, helped by members of Northern Ireland's Democratic Unionist Party (DUP).
Experts said the election is a significant blow to May as losing the majority will inevitably reduce her authority in a future government.
The results sent the British pound lower to its weakest level since April 18 against the U.S. dollar.
The dollar index, which measures the greenback against six major peers, increased 0.37 percent to 97.279 in late trading.
In late New York trading, the euro fell to 1.1197 dollars from 1.1222 dollars in the previous session, and the British pound lost to 1.2730 dollars from 1.2937 U.S. dollars in the previous session. The Australian dollar dipped to 0.7528 dollar from 0.7547 dollar.
The U.S. dollar bought 110.17 Japanese yen, higher than 109.91 yen of the previous session. The U.S. dollar gained to 0.9690 Swiss franc from 0.9670 Swiss franc, and it moved down to 1.3469 Canadian dollars from 1.3505 Canadian dollars.
