Afternoon Action: Dollar and Half-Dozen Rivals

afternoon action: The pound in particular saw big swings on the day, according to Market Watch. After trading flat against the dollar for much of the morning session, it saw a pronounced move higher, though the Brexit-battered currency continued to trade near multidecade lows. Trading was volatile, with many currencies extending their gains against the dollar in afternoon action. The ICE U.S. Dollar Index DXY, +0.55% which measures the greenback against a half-dozen rivals, dipped 0.4% to 97.56. The WSJ Dollar Index BUXX, +0.39% —a measure of the dollar against a basket of major currencies—was down 0.3% at 88.13. On Wednesday, it ended at its highest level since March. (news.financializer.com). As reported in the news.