Dollar firms, Aussie weakens as fresh growth worries prop up safe havens
Friday, 8 February 2019 08:22 WIB | CURRENCIES | Indeks Dolar Yen Euro

The dollar held near a two-week high on Friday, as investors rushed to the safety of the greenback following a setback in U.S.-China trade negotiations and broader worries about slowing global growth.

The dollar index, a gauge of its value versus six major peers was steady at 96.56, sitting just shy of its two-week high.

The euro was marginally lower at $1.1338, on track to post its fifth straight day of losses. The single currency has been stumbling due to weaker-than-expected growth data out of the eurozone and expectations that the European Central Bank will keep monetary policy accommodative this year.

The yen was flat in early Asian trade at 109.78. Analysts think Japanese demand for foreign bonds has supported dollar/yen. The greenback gained around 0.8 percent versus the yen over the last week.

Elsewhere, the Aussie dollar was down 0.5 percent at $0.7067 as the Reserve Bank of Australia cut its growth forecasts.

Source: Reuters

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