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U.S. dollar falls amid rising sterling
Last Updated: 2018-12-13 09:34 | Xinhua
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The U.S. dollar extended losses in late trading on Wednesday, as investors bet on British Prime Minister Teresa May's survival of a no-confidence vote within her own Conservative Party.

May defeated attempts to topple her on Wednesday, as 200 Conservative lawmakers voted for her remaining as the party leader, compared with the 117 lawmakers voting no confidence.

The sterling rebounded 1 percent after May won the confidence vote. The hard-won victory ensured May to continue vying for support for the undetermined Brexit deal previously agreed by Brussels, which opponents saw as Britain's compromise on trade and other rights.

However, analysts said that doubts still hung over the market about whether May will be able to get her UK-EU divorce deal through the British Parliament later.

In late New York trading, the euro rose to 1.1365 dollars from 1.1326 dollars in the previous session, and the British pound was up to 1.2632 dollars from 1.2528 U.S. dollars in the previous session. The Australian dollar was up to 0.7219 dollar from 0.7205 dollar.

The U.S. dollar bought 113.21 Japanese yen, lower than 113.39 Japanese yen of the previous session. The U.S. dollar was unchanged at close to 0.9928 Swiss franc from 0.9928 Swiss franc, and it was down to 1.3350 Canadian dollars from 1.3396 Canadian dollars. Enditem

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