Thu, 16 Jul 2020

U.S. dollar eases except against sterling, stocks mixed

By Jay Jackson, Arkansas State News.Net
13 Mar 2019, 04:51 GMT+10

NEW YORK, New York - U.S. stocks were mixed on Tuesday.

The Standard and Poor's 500 and Nasdaq Composite rose, while the Dow Jones industrials fell.

In the UK lawmakers were debating yet anothert variation to the Brexit deal, this time more positvely with British Prime Minister Theresa May having won some negotiating points with the European Union.

The British pound however remained under pressure, while the dollar too was easier against other currencies on forex markets Tuesday.

At the close of trading on Tuesday, the Dow Jones industrials were down 96.22 points or 0.38% at 25,554.66.

The Standard and Poor's 500 was up 8.22 points or 0.30% at 2,791.32.

The Nasdaq Composite was stronger, up 32.97 points or 0.44% at 7,591.03.

The British pound plummeted to 1.3066 in mid-afternoon trading in New York on Tuesday.

The euro rose to 1.1295.

The Japanese yen eased a tad to 111.26.

The Swiss franc firmed a touch to 1.0069, as did the Canadian dollar to 1.3362.

The Australian dollar rose to 0.7087, and the New Zealand dollar to 0.6872.

In European markets the London FTSE 100 gained 0.29%. The Paris-based CAC 40 climbed 0.08%, while the German Dax fell 0.17%.

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