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27Jun16

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U.S. dollar rallies on Brexit vote

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The U.S. dollar continued to climb against most major currencies on Monday after Britain voted to leave the European Union in a historic referendum.

The Leave camp won Britain's Brexit referendum on Friday by obtaining nearly 52 percent of ballots, pulling the country out of the 28-nation European Union (EU) after its 43-year membership.

Sterling and euro extended losses against the greenback on Monday, as worries about the impact of the Brexit on the UK and euro zone economy have been soaring.

Sterling plunged 3.5 percent against the greenback during the session, while the shared currency lost 0.9 percent against the dollar.

Meanwhile, the Japanese yen inched up mildly against the greenback to trade at 101.99 U.S. dollars in late trading due to its safe haven status.

The dollar index, which tracks the greenback against six major peers, was up 1.16 percent at 96.559 in late trading.

In late New York trading, the euro fell to 1.1019 dollars from 1.1144 dollars of the previous session, and the British pound decreased to 1.3192 dollars from 1.3696 dollars. The Australian dollar went down to 0.7343 dollars from 0.7508 dollars.

The dollar bought 101.99 Japanese yen, lower than 102.24 yen of the previous session. The dollar rose to 0.9776 Swiss francs from 0.9724 Swiss francs, and it climbed to 1.3092 Canadian dollars from 1.2936 Canadian dollars.

[Source: Xinhua, New York, 27Jun16]

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This document has been published on 29Jun16 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.