U.S. dollar edges up as Eurozone economy lags

Source: Xinhua| 2019-01-17 06:13:47|Editor: yan
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NEW YORK, Jan. 16 (Xinhua) -- U.S. dollar rose slightly on Wednesday against the euro as the market grew concerned about economic growth of the Eurozone.

European Central Bank President Mario Draghi said on Tuesday that recent economic developments have been weaker than expected and further monetary stimulus was needed.

The dollar index, which measures the greenback against six major peers, rose 0.02 percent at 96.0590 in late trading.

In late New York trading, the euro was down to 1.1398 dollars from 1.1400 dollars in the previous session, and the British pound increased to 1.2870 dollars from 1.2836 U.S. dollars in the previous session. The Australian dollar decreased to 0.7176 dollar from 0.7193 dollar.

The U.S. dollar bought 108.92 Japanese yen, higher than 108.58 Japanese yen of the previous session. The U.S. dollar rose to 0.9906 Swiss franc from 0.9881 Swiss franc, and it decreased to 1.3249 Canadian dollars from 1.3282 Canadian dollars.

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