Dollar Bounces vs Yen as Risk Aversion Eases, Brexit Saga Checks Pound
Tuesday, 26 March 2019 08:34 WIB | CURRENCIES |DOLLAR Indeks Dolar Yen

The dollar rebounded modestly against the yen on Tuesday as Treasury yields pulled back from 15-month lows as a modicum of calm returned to financial markets gripped by fears of a sharper downturn in the global economy.

The pound stuck to a narrow range with British lawmakers scheduled to vote on a range of Brexit options later in the day.

The dollar edged up 0.15 percent to 110.13 yen and put some distance between a six-week low of 109.70 plumbed the previous day, when fears of a global economic slowdown depressed U.S. yields and boosted investor demand for the yen, a perceived safe haven.

Sterling was effectively flat at $1.3201 after spending the previous day confined to a narrow range when British lawmakers wrested control of the parliamentary agenda from the government for a day in a highly unusual bid to find a way through the Brexit impasse.

Source : Reuters

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