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U.S. dollar rises amid concerns over European economic slowdown
Last Updated: 2019-08-15 05:27 | Xinhua
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The U.S. dollar rose in late trading on Wednesday as investors were concerned about economic slowdown in Europe.

Germany, the economic engine in the European Union, has just announced that its gross domestic product contracted 0.1 percent in the second quarter of 2019.

Many analysts contributed the growth downturn in Germany to trade tensions between world's leading economies, as German economy relies heavily on exports.

Data showed the eurozone economy slowed to a 0.2 percent growth rate in the second quarter, according to Eurostat.

The dollar index, which measures the greenback against six major peers, rose 0.20 percent at 98.0067 in late trading.

In late New York trading, the euro fell to 1.1135 U.S. dollars from 1.1173 dollars in the previous session, and the British pound increased to 1.2058 dollars from 1.2053 dollars in the previous session. The Australian dollar decreased to 0.6745 dollar from 0.6793 dollar.

The U.S. dollar bought 105.89 Japanese yen, lower than 106.62 Japanese yen of the previous session. The U.S. dollar was down to 0.9735 Swiss franc from 0.9760 Swiss franc, and it was up to 1.3322 Canadian dollars from 1.3221 Canadian dollars.

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