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

Malacañang orders gov’t agencies, LGUs to ramp up El Niño preparations

Malacañang has directed government agencies and local government units (LGUs) to intensify preparations for a stronger El Niño to ensure adequate supplies of water,...

First Couple hails craftsmanship, talent in Filipiniana showcase of Filipino designers, weavers

By Dean Aubrey Caratiquet In a celebration of local talent and the country’s rich culinary heritage, the First Couple and former First Lady Imelda Marcos...

Underemployment rate decelerates in Sept 2026 Labor Force Survey

By Dean Aubrey Caratiquet In a press conference on Friday, National Statistician Claire Dennis Mapa shared the results of the September 2026 Labor Force Survey,...

PBBM leads ceremonial turnover of DRRAP funds to LGUs; warns local execs vs. corruption

By Dean Aubrey Caratiquet Reaffirming the administration’s unwavering support to local government units (LGUs), President Ferdinand R. Marcos Jr. continues to move forward with initiatives...