Wednesday, 9 January 2019 09:05 WIB |
CURRENCIES |DOLLARDolar AS
The dollar eased against some of its peers on Wednesday, as hopes of progress in the Sino-U.S. trade dispute boosted commodity-linked and riskier currencies.
Increased risk appetite helped lift the Australian dollar after U.S. government officials said that trade talks between China and the United States will continue for an unscheduled third day on Wednesday.
The Aussie rose 0.2 percent to $0.7152, after touching a three-week high of $0.7172 in early trading on optimism around the Sino-U.S. talks. The Australian dollar is often seen as a proxy for Chinese growth because of Australia™s export-reliant economy and China being the country's biggest destination for its commodities.
The dollar index, which measures the greenback against a basket of six peers, gave up 0.1 percent to 95.787 in early trade.
Against the yen, the dollar was basically unchanged at 108.73 yen per dollar.
Elsewhere, the euro gained 0.2 percent to $1.1457, but its rebound was not big enough to recover a slightly steeper loss booked during the previous session on concerns about a slowdown in the euro zone economy.
The British pound gained 0.2 percent to $1.2742 on the day. Traders expect sterling to remain volatile over the next few weeks due to Brexit woes.