US dollar rises after second presidential debate

US dollar rises after second presidential debate

New York, Oct 11 (IANS) The US dollar rose against most major currencies on Monday as investors were digesting the latest information from Sunday’s second US presidential debate.

In late New York trading, the euro fell to $1.1139 from $1.1173, and the British pound declined to $1.2356 from $1.2441, Xinhua news agency reported.

The Australian dollar increased to $0.7605 from $0.7577.

The dollar bought 103.69 Japanese yen, higher than 103.21 yen in the previous session. The dollar inched up to 0.9827 Swiss francs from 0.9792 Swiss francs, and it fell to 1.3170 Canadian dollars from 1.3273 Canadian dollars.

Republican presidential nominee Donald Trump and his Democratic rival Hillary Clinton went after each other relentlessly on Sunday night in the second presidential debate, hitting each other hard with scandals.

Trump’s campaign has been under fire recently, after a leaked 2005 video of the billionaire’s vulgar remarks about women caused uproar.

With no major data from the country, investors were still sifting through the latest US nonfarm payroll report.

US total nonfarm payroll employment increased by 156,000 in September, lower than the market estimates of 176,000, and the unemployment rate rose slightly to 5 percent, according to the Labor Department on Friday.

The dollar index, which measures the greenback against six major peers, was up 0.30 per cent at 96.921 in late trading.

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