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U.S. dollar rallies against British pound
From:Xinhua  |  2017-01-10 10:46

NEW YORK, Jan. 9 (Xinhua) -- The U.S. dollar rallied againstBritish pound on Monday after British Prime Minister Theresa Maysaid she would spell out her Brexit strategy over the comingweeks.

May said in a television interview on Sunday that Britain wouldnot be able to keep "bits" of its membership of the European Union.Her comments made some fear that there will be a "hard Brexit."

The pound fell as low as 1.2125 dollars in intraday trading, itsweakest against the dollar since the end of last October.

Otherwise, the dollar went down against most major currenciesafter a sharp rise in the previous session. The dollar index, whichtracks the greenback against six major peers, was down 0.23 percentat 101.980 in late trading.

In late New York trading, the euro rose to 1.0570 dollars from1.0561 dollars, and the British pound dipped to 1.2164 dollars from1.2266 dollars. The Australian dollar increased to 0.7364 dollarsfrom 0.7296 dollars.

The dollar bought 116.13 Japanese yen, lower than 117.05 yen inthe previous session. The dollar fell to 1.0154 Swiss francs from1.0175 Swiss francs, and it edged down to 1.3219 Canadian dollarsfrom 1.3244 Canadian dollars. Enditem