US dollar trades mixed

New York, Sep 1 (IANS) The US dollar traded mixed against other major currencies after rising for four consecutive sessions.

The greenback dropped against the safe-haven Japanese yen on Monday amid global rout in equity markets.

The dollar index, which measures the greenback against six major peers, was down 0.28 percent at 95.838 in late trading, reported Xinhua news agency.

The US dollar had gained sharply in the previous four sessions, as recent robust economic data had been underpinning the central bank’s potential decision to raise interest rate by year-end.

On the economic front, the Chicago Business Barometer held on to most of July’s gain, falling just a fraction to 54.4 in August from 54.7 in July, according to the ISM-Chicago Business Survey on Monday.

In late New York trading, the euro rose to $1.1220 from $1.1179 in the previous session.

The British pound dropped to $1.5349 from $1.5391 in the previous session. The Australian dollar inched down to $0.7121 from $0.7164.

The US dollar bought 121.20 Japanese yen, lower than 121.33 yen of the previous session.

The dollar hiked to 0.9675 Swiss franc from 0.9630 Swiss franc, and it dived to 1.3179 Canadian dollars from 1.3218 Canadian dollars.

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