US dollar rises amid Fed rate hike expectation

New York, Jan 13 (IANS) The US dollar gained on Tuesday as market expected the Federal Reserve to continue the interest rate hike in 2016.

Given the considerable improvement in labour market, traders believed that the US central bank will continue the rate hike, while central banks in Japan and Europe were expected to unleash further stimulus.

On the economic front, the number of job openings was little changed at 5.4 million on the last business day of November, the US Labour Department reported on Tuesday.

The US dollar index, which measures the greenback against six other major currencies, was up 0.24 percent at 98.981 in late trading.

In late New York trading, the euro fell to $1.0856 from $1.0875 of the previous session, and the British pound decreased to $1.4430 from $1.4548.

The Australian dollar went down to $0.6981 from $0.6982. The US dollar bought 117.59 Japanese yen, higher than 117.5 yen of the previous session.

The dollar moved up to 1.0019 Swiss francs from 0.9997 Swiss franc and moved up to 1.4280 Canadian dollars from 1.4222 Canadian dollars.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here