Dollar Eases as Trade Deal Prospects Bolster Risk, Sterling Gains
Monday, 18 February 2019 08:13 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The dollar was marginally weaker on Monday, as increasing expectations of a U.S.-Sino trade deal led investors to shift away from the safety of the greenback into riskier assets.

The dollar index, a gauge of its value versus six major peers was marginally lower at 96.85. The index has gained 1.4 percent so far this month despite weaker-than-expected U.S. data as well as a cautious Federal Reserve which is widely expected to keep rates steady this year due to a slowdown in growth and muted inflation.

The dollar index has gained mainly because of the euro, which has around 58 percent weightage in the index.

Elsewhere, sterling was up by 0.1 percent to $1.2903, building on its gains from Friday.

Source : Reuters

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