Dollar Weakens While Pound Holds Gains Ahead of New Brexit Vote
Monday, 18 March 2019 15:24 WIB | CURRENCIES | Indeks Dolar Euro

The euro hit a two-week high against the dollar in early trading in Europe Monday, as the greenback continues to suffer from weak economic data out of the U.S. on Friday that strengthened expectations for a Federal Reserve interest rate cut later this year.

At 03:55 AM ET (07:55 GMT), the euro was at $1.1349, just off a two-week high posted earlier. The British pound was holding on to most of last week™s gains at $1.3285, as Prime Minister Theresa May prepares to push her EU Withdrawal Bill through parliament for the third time by trying to win over the Northern Irish Democratic Unionist Party.

The dollar index, which measures the greenback against a basket of six major currencies, fell below 96.00 for the first time this month to stand at 95.88.

Source: Investing.com

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