NEW YORK, Sept 8 — The US dollar weakened in late trading on Wednesday as the euro climbed, reported Xinhua.
The dollar index, which measures the greenback against six major peers, decreased 0.34 per cent to 109.8400.
The euro, the largest component of the index, advanced, as market participants awaited a key policy meeting of the European Central Bank (ECB).
“After numerous members of the ECB Governing Council have recently put in a lot of effort to convince the market of their determination to curb inflation, expectations for the meeting on Thursday are likely to be high,” Esther Reichelt, foreign exchange analyst at Commerzbank Research, said in a note.
In late New York trading, the euro increased to US$0.9985 from US$0.9914 in the previous session, and the British pound fell to US$1.1502 from US$1.1527 in the previous session. The Australian dollar increased to US$0.6753 from US$0.6735.
The US dollar bought 144.13 Japanese yen, higher than 142.84 Japanese yen of the previous session. The US dollar was down to 0.9782 Swiss francs from 0.9843 Swiss francs, and it decreased to 1.3140 Canadian dollars from 1.3149 Canadian dollars.
