Wednesday, 9 January 2019 23:30 WIB |
CURRENCIES |DOLLAR Indeks DolarDolar AS
The dollar sank on Wednesday to its lowest since October, with gains led by the euro and sterling, as risk appetite improved on optimism over U.S.-China trade negotiations, prompting investors to reduce their safe-haven bets.
After initially slipping following poor German and French economic data, the euro recovered to post its highest in about three months.
News that China and the United States had extended trade talks in Beijing for an unscheduled third day boosted oil prices and broader sentiment. Expectations of more easing in China helped the mood as well, with Asian and European shares rallying.
In mid-morning trading, the dollar index fell 0.6 percent to 95.341 , after sliding to a three-month trough.
The euro rose 0.9 percent to $1.1537 , while sterling gained 0.7 percent versus the dollar to $1.2797 .
Source : Reuters