U.S. dollar falls amid rising risk aversion

Xinhua News Agency

NEW YORK – The U.S. dollar recorded a deep decrease in late trading on Friday (Nov. 26) as demand for safe-haven shot up.

The dollar index, which measures the greenback against six major peers, decreased 0.75% at 96.0468 in late trading.

The discovery of a new COVID-19 variant in South Africa sent jitters across global markets on Friday.

Surging demand for safe haven drove 10-year Treasury bond yield to 1.479% on Friday, down 16.2 basis points from the previous trading session.

Commodity-based currencies were in a free fall on Friday morning as the price of commodities plunged with global equities, said a note by foreign exchange and international payment solutions provider Tempus, Inc.

In late New York trading, the euro was up to 1.1313 dollars from 1.1209 dollars in the previous session, and the British pound was up to 1.3335 dollars from 1.3321 U.S. dollars in the previous session. The Australian dollar decreased to 0.7118 dollar from 0.7185 dollar.

The U.S. dollar bought 113.13 Japanese yen, lower than 115.36 Japanese yen of the previous session. The U.S. dollar decreased to 0.9217 Swiss franc from 0.9357 Swiss franc, and it increased to 1.2783 Canadian dollars from 1.2648 Canadian dollars. (Xinhua) – bny

 

Popular

U.S. wants Quiboloy extradited ‘as soon as possible’ —envoy

By Brian Campued The United States government wants to extradite Kingdom of Jesus Christ (KOJC) founder Pastor Apollo Quiboloy “as soon as possible” due to...

PBBM pushes for passage of priority bills under 20th Congress

By Brian Campued President Ferdinand R. Marcos Jr. is pushing for the passage of more than 20 priority bills by June next year as he...

DOLE vows sustained job efforts as number of employed Pinoys rise in June

By Brian Campued The Department of Labor and Employment (DOLE) on Thursday welcomed the increase in the number of employed Filipinos in June 2026, noting...

Gov’t remains vigilant amid external, weather shocks as PH inflation eases in July

By Brian Campued As the headline inflation continues to ease, Malacañang underscored the need to maintain vigilance against the risks posed by global challenges and...