Dollar licks wounds after soft data fans bets on dovish Fed
Monday, 18 March 2019 08:34 WIB | CURRENCIES |DOLLAR Indeks DolarPoundsterling

The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union.

The dollar's index against a basket of six major currencies stood at 96.564, having shed 0.81 percent last week, the biggest loss since late August.

The British pound stood not far from last week™s nine-month high of $1.3380, supported by relief that a no-deal Brexit will likely be averted. It last stood at $1.3292.

Source : Reuters

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