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US dollar falls

The political developments, which happened less than two weeks before the presidential election, continued to weigh on the greenback on Monday.



New York: The US dollar declined against most major currencies on falling expectations for an interest-rate hike by year-end after the Federal Bureau of Investigation (FBI) announced a plan to probe new emails related to Democratic Presidential nominee Hillary Clinton.

The political developments, which happened less than two weeks before the presidential election, continued to weigh on the greenback on Monday.

In late New York trading, the euro rose to $1.0977 from $1.0969, and the British pound climbed to $1.2228 from $1.2179, Xinhua news agency reported.

The Australian dollar increased to $0.7611 from $0.7584.

The dollar bought 104.88 Japanese yen, higher than 104.87 yen in the previous session.

The dollar inched up to 0.9896 Swiss francs from 0.9881 Swiss francs, and it dropped to 1.3406 Canadian dollars from 1.3414 Canadian dollars

Clinton`s lead over her Republican counterpart, Donald Trump, has narrowed significantly since Friday`s news broke, according to data from RealClearPolitics.

The greenback had been lingering at eight-month highs on market speculation for a rate-hike in December if Clinton is elected.

From Zee News

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