The U.S. dollar rose against most major currencies in late trading on Friday amid broad financial market sell-off globally.

Investors have been selling riskier assets for the safer greenback amid stock market turmoil.

The dollar index, which measures the greenback against six major peers, increased 0.24 percent to 90.442 at 3:00 p.m. (2000 GMT).

In late New York trading, the euro fell to 1.2234 dollars from 1.2260 dollars in the previous session, and the British pound declined to 1.3806 dollars from 1.3920 dollars in the previous session. The Australian dollar decreased to 0.7790 dollar from 0.7799 dollar.

The U.S. dollar bought 108.49 Japanese yen, lower than 108.90 yen of the previous session. The U.S. dollar rose to 0.9387 Swiss franc from 0.9367 Swiss francs, and it moved up to 1.2613 Canadian dollars from 1.2589 Canadian dollars.

Source:
courtesy of XINHUA NEWS AGENCY

by Xinhua News Agency

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