Dollar steady after coming off two-year high, pressured by lower U.S. yields
Friday, 24 May 2019 09:12 WIB | CURRENCIES | Indeks DolarDolar AS

The dollar held steady on Friday, having come off two-year highs on lower U.S. yields in the previous session amid fears that a trade war with China will hurt the U.S. economy more than previously thought.

The greenback was not helped by rising expectations for an interest rate cut by the U.S. Federal Reserve later this year to help boost the world™s biggest economy.

Against a basket of key rival currencies, the dollar was largely unchanged at 97.906, having fallen from a two-year high of 98.371 overnight. The index is still up 1.8% for the year.

Source: Reuters

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