U.S. Dollar Rebounds After 4-Day Decline, Cable Drops
Thursday, 14 March 2019 23:27 WIB | CURRENCIES |DOLLAR Indeks Dolar

The U.S. dollar bounced on Thursday from a nearly-two-week low after four-straight days of losses, as a weaker pound helped support the greenback's recovery against major rivals.

At 10:48 AM ET (14:48 GMT), the U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, gained 0.25% to 96.75. The index hit 96.35 a day earlier, its lowest level since March 4, after U.S. data on producer prices backed the Federal Reserve's wait-and-see approach on interest rates in the face of muted inflation pressures.

Sterling weakness lent a hand to dollar strength as markets took a pause amid Brexit developments. The U.K. parliament rejected the possibility of exiting the European Union without a deal, but there's an upcoming vote later in the day.

Source : Investing.com

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