US dollar index edges down alongside declining British pound

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New York, Aug 8 (IANS) The US dollar index has edged down along with the falling British pound and Canadian dollar.

In late New York trading on Wednesday, the euro was up to $1.1214 from $1.1200 in the previous session, and the British pound decreased to $1.2143 from $1.2152 in the previous session, Xinhua news agency reported.

The dollar index, which measures the greenback against six major peers, decreased 0.09 per cent at 97.5505 in late trading.

The Australian dollar was up to $0.6767 from $0.6756.

The US dollar bought 106.09 Japanese yen, lower than 106.53 Japanese yen of the previous session.

The US dollar fell to 0.9736 Swiss franc from 0.9768 Swiss franc, and it increased to 1.3314 Canadian dollars from 1.3279 Canadian dollars.

The sterling has been under downward pressure, as investors remained cautious and closely watched the development surrounding Brexit scheduled for October 31.

The British government said on Tuesday that it wanted to negotiate a new Brexit deal with Brussels amid accusations that there is “no basis” for such talks momentarily.

British Prime Minister Boris Johnson has pledged to leave the EU by the deadline with or without a deal.

–IANS

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