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U.S. dollar rises amid declining sterling

Asia

2019-03-30 05:52

NEW YORK, March 29 (Xinhua) -- The U.S. dollar gained modestly against its major rivals in late trading on Friday amid The decline of sterling following Brexit deal rejection.

The pound slipped after British lawmakers rejected Prime Minister Theresa May's Brexit deal for a third time.

Market participants also digested a slew of economic data.

U.S. real consumer spending, spending adjusted for price changes, increased 0.1 percent in January after decreasing 0.6 percent in December, The Department of Commerce reported on Friday.

Meanwhile, U.S. personal income increased 0.2 percent in February after decreasing 0.1 percent in January, said The department.

The dollar index, which measures The greenback against six major peers, rose 0.09 percent at 97.2936 in late trading.

In late New York trading, The euro fell to 1.1214 dollars from 1.1227 dollars in The previous session, and The British pound fell to 1.3003 dollars from 1.3058 U.S. dollars in The previous session. The Australian dollar rose to 0.7097 dollar from 0.7077 dollar.

The U.S. dollar bought 110.82 Japanese yen, higher than 110.58 Japanese yen of The previous session. The U.S. dollar increased to 0.9960 Swiss franc from 0.9954 Swiss franc, and it decreased to 1.3355 Canadian dollars from 1.3440 Canadian dollars.