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NEW YORK, July 19 (Xinhua) — The U.S. dollar fell in late trading on Tuesday as the euro rallied on the chance of a big rate hike by the European Central Bank (ECB).
The dollar index, which measures the greenback against six major peers, decreased 0.64 percent to 106.6820.
The euro, the largest component of the index, climbed after reports that the ECB may be considering a bigger-than-expected 50 basis points rate hike at its meeting on Thursday to tame inflation.
In late New York trading, the euro was up to 1.0234 U.S. dollars from 1.0154 dollars in the previous session, and the British pound increased to 1.1998 U.S. dollars from 1.1953 dollars in the previous session. The Australian dollar was up to 0.6896 U.S. dollars from 0.6814 U.S. dollars.
The U.S. dollar bought 138.21 Japanese yen, higher than 138.04 Japanese yen of the previous session. The U.S. dollar decreased to 0.9690 Swiss franc from 0.9770 Swiss franc, and it decreased to 1.2882 Canadian dollars from 1.2964 Canadian dollars.
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