New York, Nov 27, : On Friday, the US dollar saw a sharp decline in late trading as demand for a safe haven increased. In late trading, the dollar index, which measures greenback against six major peers decreased 0.75 percent to 96.0468.
According to Xinhua news agency, Friday’s discovery of a new Covid-19 type in South Africa caused jitters on global markets.
The 10-year Treasury bond yield fell 16.2 basis points on Friday due to increased demand for safe havens.
According to Tempus, Inc., a note from a foreign exchange and international payment solution provider, commodities-based currencies fell freefall Friday morning as global equities plunged.
Late New York trading saw the euro rise to $1.1313 from $1.1209 the previous session.The British pound rose to $1.3335 to $1.3321 dollars from the $1.3321 dollar in the previous sessions.The Australian dollar fell to AU $0.7118, from AU $0.7185.
The US dollar purchased 113.13 Japanese Yuen, which is lower than the previous session’s 115.36 Japanese Yuen.The US dollar fell to 0.9217 Swiss Franc from 0.9357 Swiss Franc and rose to 1.2783 Canadian Dollars from 1.2648 Canadian.
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