Dollar holds up on trade, European political worries; U.S. yields fall
Wednesday, 29 May 2019 08:38 WIB | CURRENCIES |DOLLAR Indeks Dolar Euro

The dollar managed to hold on to most of its overnight gains on Wednesday after investors scooped up safe-haven assets, including U.S. Treasuries, on lingering fears of a further escalation in the Sino-U.S. trade dispute.

Losses in the euro in the previous session also helped support the dollar, as analysts warned of more risks for the single currency on uncertainty surrounding the euro zone economy and the bloc's political future.

Against a basket of six peers, the dollar was down less than 0.1% at 97.897, having ended up 0.3% overnight. The index was trading about 0.5% off a two-year high of 98.371 hit on Thursday and is still up 1.8% for the year.

The euro edged up 0.1% to $1.1167, bouncing slightly after shedding nearly 0.3% during the previous session. The common currency remained not far off a near two-year low of $1.11055 brushed on Thursday.

Source : Reuters

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