Dollar Hits New Highs vs Euro, Pound as Brexit, Data Weigh
Tuesday, 5 February 2019 16:22 WIB | CURRENCIES |Dolar EuroDolar ASpound

The U.S. dollar hit a one-week high against the euro and British pound in early trading in Europe Tuesday, building on gains in the wake of strong U.S. data last week.

The absence of progress in talks between British and European officials over Brexit is also weighing on both currencies vis-a-vis the dollar, amid rising risks of the U.K. leaving the EU in March without a safety net of transitional arrangements to guarantee smooth trade between the two.

Talks between U.K. lawmakers and EU Commission officials achieved no meaningful progress Monday, while reports suggested that support for U.K. Prime Minister Theresa May from within her own party is faltering again.

The EUR/USD pair fell to $1.1416 by 03:25 AM ET (08:25 GMT), while the poundfell as low as $1.3027 before recovering slightly to $1.3031.

Source : Investing.com

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