The U.S. dollar traded mixed against major currencies on Friday on better-than-expected profit report from Citigroup and disappointing high-tech earnings.
Citigroup, the largest bank in United States, posted 2.5 billion dollars second-quarter loss that was smaller than expected. It joined JPMorgan Chase and Wells Fargo in convincing investors that the financial sector may not be as bad as feared.
But the dollar was hit by worries that high-tech sector growth cannot outrun an economic slowdown. Google, the largest web searching company, reported lower than expected profit in the second quarter. Microsoft also missed forecasts. Chipmaker AMD posted a larger-than-expected loss.
The euro bought 1.5843 dollars in late New York trading compared with 1.5820 dollars it bought late Thursday. The British pound fell to 1.9980 dollars from 1.9992 dollars.
The dollar fell to 1.0223 Swiss francs from 1.0231 Swiss francs, and rose to 106.89 Japanese yen from 106.69 Japanese yen. It fell to 1.0064 Canadian dollars from 1.0068 Canadian dollars.
Source:Xinhua
|
Comment
Tell A Friend
Print Format
Save Article