Sterling dives to a 2-week low on trade truce; Brexit fears
Monday, 1 July 2019 23:14 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling fell to a two-week low versus the dollar on Monday as a broadly resurgent dollar sapped appetite for the British currency after the United States and China agreed at a G20 summit in Japan to restart trade talks.

That deal came after U.S. President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the two met on the sidelines of a Group of 20 summit in Japan.

Investors also avoided the pound on concerns that arch-Brexiteer Boris Johnson, the favourite to replace Prime Minister Theresa May, will push to leave the EU with or without a deal by Oct. 31.

The pound slipped 0.5% to a low of $1.2634, bringing losses since early-May to nearly 5% and to its lowest levels since June 19.

Against the euro, however, sterling firmed to approach one-week highs, trading at 89.26 pence. The currency had fallen to nearly six-month lows last week.

Source : Reuters

RELATED NEWS

Dollar Hovering Near 3-Week Highs ahead of Fed Minutes
Wednesday, 21 August 2019 15:11 WIB

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut rates for the first time since 2008 last month in what C...

Dollar Nudged Off Three-Week Peak as U.S. Yields Dip Before Jackson Hole Meet
Wednesday, 21 August 2019 08:47 WIB

The dollar was on the defensive on Wednesday, elbowed off a three-week peak by a reversal in U.S. yields as they headed south again ahead of a meeting of central bankers, at which the Federal Reserve is expected to give clues on further rate cuts. Central bankers will gather at Jackson Hole, Wyomin...

Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy
Tuesday, 20 August 2019 15:22 WIB

The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was at $1.1079 by 3:30 AM ET (07:30 GMT) and looking to test last week™s low of $1.1066 ahead of a big ...

AUD/USD Clings to 0.6760/65 After RBA Minutes
Tuesday, 20 August 2019 09:15 WIB

The AUD/USD pair remains modestly changed at 0.6765 after the Reserve Bank of Australia (RBA) released minutes of its August 07 meeting on early Tuesday. Although the Aussie central bank left its monetary policy unchanged at the August meeting, policymakers have been flashing mixed signals since th...

Dollar Near Three-Week High as Thaw In Risk Aversion Lifts Yields
Tuesday, 20 August 2019 08:02 WIB

The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds. Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back ...

ANOTHER NEWS
Dow Ends With 200-Point Gain After Fed Minutes
Thursday, 22 August 2019 03:16 WIB U.S. stocks ended higher on Wednesday after the minutes from the Federal Reserve's July meeting showed the U.S. central bank wanted to retain flexibility during future policy decisions. The S&P 500 rose 0.8% to end around 2,924. The Dow Jones...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.