U.S. dollar ticks down

The U.S. dollar softened in late trading on Monday.

The dollar index, which measures the greenback against six major peers, dropped 0.03 percent to 98.496 at 15:00 (1900 GMT).

In late New York trading, the euro strengthened to 1.1720 dollars from 1.1713 dollars in the previous session, and the British pound rose to 1.3534 dollars from 1.3521 dollars in the previous session.

The U.S. dollar bought 159.45 Japanese yen, higher than 159.44 Japanese yen in the previous session. The U.S. dollar was up to 0.7856 Swiss francs from 0.7855 Swiss francs, and it declined to 1.3627 Canadian dollars from 1.3673 Canadian dollars. The U.S. dollar dropped to 9.2247 Swedish Kronor from 9.2304 Swedish Kronor.

He Lifeng, a member of the Political Bureau of the Communist Party of China Central Committee and secretary of the Central Financial Work Commission, attended a meeting on Party building in China's financial system and delivered a speech in Beijing on Thursday.

He stressed solid and effective efforts to advance key Party-building tasks in the financial system, continuously strengthen the Party's political building, and further equip the financial sector with the Party's new theories.

He called for efforts to advance key financial work in the second half of the year with a stronger sense of responsibility and urgency, continue to prevent and defuse financial risks, strengthen financial regulation, and fully support high-quality economic and social development, so as to provide strong financial support for meeting this year's economic targets and ensuring a good start to the 15th Five-Year Plan (2026-2030).

Prior to the meeting, He attended and addressed the commendation conference for representatives of outstanding Party members, Party workers, and primary-level Party organizations from centrally administered financial institutions.

One hundred and twenty-nine outstanding Party members, 127 outstanding Party workers, and 278 outstanding primary-level Party organizations received awards.