Dollar firms, sterling falls again on Brexit worries
Monday, 11 March 2019 09:02 WIB | CURRENCIES | Indeks Dolar Euro

The dollar edged up early on Monday, hovering close to a near three-month high as investors took cover in the currency amid global growth concerns, while sterling extended its decline on an uncertain outlook over Britain's exit from the European Union.

The dollar index, which measures the greenback against a basket of six major rivals, gained 0.1 percent to 97.426 in early Asian trading.

The index was just shy of its recent peak of 97.710 hit last Thursday, its highest since Dec. 14 last year. It is up 1.3 percent so far this year.

The euro was a shade lower at $1.1225. The single currency had fallen to its weakest level since late June 2017 on Thursday, hurt by dovish signals from the European Central Bank (ECB).

On Monday, the British pound gave up 0.4 percent to $1.2968 after briefly dipping to a near three-week low on nervousness over Brexit. The currency had already fallen for seven straight sessions.

Source: Reuters

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