US dollar rises amid risk-averse sentiment

The US dollar strengthened in late trading on Wednesday as market participants sought safe-haven assets amid the fallout from the COVID-19 pandemic.

The dollar index, which measures the greenback against six major peers, increased 0.17 per cent at 99.0690.

In late New York trading, the euro was down to $1.0989 from $1.0994 in the previous session, and the British pound was down to $1.2253 from $1.2343 in the previous session. The Australian dollar fell to $0.6605 from $0.6674, Xinhua reported.

The US dollar bought 107.70 Japanese yen, higher than 107.52 Japanese yen of the previous session. The US dollar increased to 0.9688 Swiss franc from 0.9647 Swiss franc, and it increased to 1.3779 Canadian dollars from 1.3757 Canadian dollars.