Dollar near two-month top after U.S. GDP boosts yield appeal
Monday, 29 July 2019 09:25 WIB | CURRENCIES | Indeks Dolar Europound

The dollar held firm on Monday, staying near a two-month high against a basket of currencies after better-than-expected U.S. GDP data last week boosted its yield attraction against rival currencies.

The dollar index stood little changed at 97.968, after having hit a two-month high of 98.093 on Friday.

The euro stood at $1.11315, almost flat in Asia and not far from Thursday's low of $1.1101, a trough since May 2017.

Against the yen, the dollar traded at 108.62 yen, down slightly from late U.S. levels on Friday, when it had risen to a two-week peak of 108.83 yen.

Ahead of the Fed, the Bank of Japan is starting its two-day policy meeting later on Monday.

The pound last traded at $1.2379, having slipped to $1.2375 in early trade.(yds)

Source: reuters

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