US dollar rallies on Brexit vote

New York, June 28 (IANS) The US dollar continued to climb against most major currencies after Britain voted to leave the European Union in a historic referendum.

In late New York trading on Monday, the euro fell to $1.1019 from $1.1144 of the previous session, and the British pound decreased to $1.3192 from $1.3696, Xinhua news agency reported.

The Australian dollar went down to $0.7343 from $0.7508.

The dollar bought 101.99 Japanese yen, lower than 102.24 yen of the previous session.

The dollar rose to 0.9776 Swiss francs from 0.9724 Swiss francs, and it climbed to 1.3092 Canadian dollars from 1.2936 Canadian dollars. Enditem

The Leave camp won Britain’s Brexit referendum on Friday by obtaining nearly 52 percent of ballots, pulling the country out of the 28-nation European Union (EU) after its 43-year membership.

Sterling and euro extended losses against the greenback on Monday, as worries about the impact of the Brexit on the UK and euro zone economy have been soaring.

The dollar index, which tracks the greenback against six major peers, was up 1.16 per cent at 96.559 in late trading.

–IANS

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