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NEW YORK, April 25 (Xinhua) — The U.S. dollar appreciated in late trading on Monday as market participants sought safety in the greenback amid geopolitical jitters.
The dollar index, which measures the greenback against six major peers, rose 0.53 percent at 101.7530.
In late New York trading, the euro fell to 1.0714 U.S. dollars from 1.0789 dollars in the previous session, and the British pound was down to 1.2734 dollars from 1.2825 U.S. dollars in the previous session. The Australian dollar decreased to 0.7168 U.S. dollar from 0.7239 dollar.
The U.S. dollar bought 128.01 Japanese yen, lower than 128.59 Japanese yen of the previous session. The U.S. dollar was up to 0.9590 Swiss franc from 0.9568 Swiss franc, and it increased to 1.2729 Canadian dollars from 1.2717 Canadian dollars.
The above market reactions came as the Russia-Ukraine conflict entered a third month.
Last week, the International Monetary Fund slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection.
The U.S. dollar was also bolstered by expectations that the Federal Reserve will raise interest rates aggressively in coming months.
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