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NEW YORK, May 20 (Xinhua) — The U.S. dollar rose in late trading on Friday as market participants sought shelter in safe-haven assets amid fears of the impact of surging inflation.
The dollar index, which measures the greenback against six major peers, increased 0.41 percent to 103.1490, following a 1.05-percent drop in the previous session.
In late New York trading on Friday, the euro was down to 1.0550 U.S. dollars from 1.0603 dollars in the previous session, and the British pound was down to 1.2471 U.S. dollars from 1.2501 dollars in the previous session. The Australian dollar was down to 0.7020 U.S. dollars from 0.7063 U.S. dollars.
The U.S. dollar bought 127.80 Japanese yen, higher than 127.74 Japanese yen of the previous session. The U.S. dollar was up to 0.9758 Swiss franc from 0.9705 Swiss franc, and it rose to 1.2847 Canadian dollars from 1.2800 Canadian dollars.
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