NEW YORK, Sept. 11 (Xinhua) -- The U.S. dollar rose on Monday amid relief that Hurricane Irma's damage appeared to be less than the market had expected.
Hurricane Irma, once a Category 5 hurricane, hit the coast of Florida over the weekend. It continued to march north on Monday, dumping rains across Florida. However, the National Hurricane Center said that Irma had already weakened to a tropical storm.
Analysts said Hurricanes have put markets on edge over recent weeks, as investors are quite uneasy when assessing the impact of these natural disasters on the markets.
The dollar index, which measures the greenback against six major peers, was up 0.55 percent at 91.856 in late trading.
Meanwhile, there are no major economic reports due on Monday.
Expectations for tighter monetary policy in the United States have been dampened recently. Market expectations for a rate hike in December are just 36.2 percent, according to the CME Group's FedWatch tool.
In late New York trading, the euro decreased to 1.1965 dollars from 1.2028 dollars in the previous session, and the British pound decreased to 1.3173 dollars from 1.3208 U.S. dollars in the previous session. The Australian dollar decreased to 0.8030 dollar from 0.8063 dollar.
The dollar bought 109.32 Japanese yen, higher than 107.80 yen of the previous session. The U.S. dollar rose to 0.9540 Swiss franc from 0.9452 Swiss franc, and it was down to 1.2118 Canadian dollars from 1.2137 Canadian dollars. Enditem
