NEW YORK, Nov. 20 (Xinhua) -- The U.S. dollar rebounded against other major currencies in late trading on Tuesday, as mounting volatility over a potential Brexit deal dragged down euro and sterling.
British companies have reportedly begun to draw plans in case that a EU-UK deal on Brexit fails to be reached, as Prime Minister Theresa May is still trying hard to court parliament support for a draft Brexit deal agreed with Brussels last week.
Bank of England Governor Mark Carney had warned that a "no-deal" Brexit could sink the economy into recession not seen since the 1730s.
Domestically, U.S. Federal Reserve officials' bearish comments on global economy gave rise to the safe-haven demands of currencies including the dollar, the yen and Swiss franc.
Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan on Friday raised concerns over a potential global slowdown, causing speculations over Fed's fourth interest rate hike that investors have largely expected in December.
Fed Chairman Jerome Powell on Wednesday also said the U.S. economy has been confronted with slowing global growth.
In late New York trading, the euro was down to 1.1367 dollars from 1.1454 dollars in the previous session, and the British pound decreased to 1.2784 dollars from 1.2855 U.S. dollars in the previous session. The Australian dollar was down to 0.7218 dollar from 0.7289 dollar.
The U.S. dollar bought 112.72 Japanese yen, higher than 112.54 Japanese yen of the previous session. The U.S. dollar increased to 0.9949 Swiss franc from 0.9936 Swiss franc, and it was up to 1.3314 Canadian dollars from 1.3179 Canadian dollars. Enditem
