US dollar declines amid Brexit optimism

New York: The US dollar declined against the British pound as Britain and the European Union (EU) reached a new Brexit deal.

“We now have a newly agreed Protocol that protects peace and stability on the island of Ireland and fully protects our Single Market. I hope that we can now bring this over the line and provide the certainty our citizens and businesses so deserve,” Jean-Claude Juncker, president of the European Commission, noted in a press release on Thursday, Xinhua news agency reported.

The dollar index, which measures the greenback against six major peers, decreased 0.40 per cent at 97.6096 in late trading.

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In late New York trading, the euro increased to US $1.1123 from US $1.1073 in the previous session, and the British pound was up to US $1.2874 from US $1.2837 in the previous session.

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