Tuesday, 24 September 2019 08:22 WIB |
The euro nursed losses on Tuesday after weak readings on German manufacturing rattled confidence, while the dollar found broad support as investors looked for signs of progress from Sino-U.S. trade negotiations.
The single currency shed 0.2% overnight after a survey showed European business activity stalling, and in fact going backwards in powerhouse Germany where a manufacturing recession deepened.
It held around $1.0990 in Asian hours, while the dollar edged higher against the Japanese yen to buy 107.58 yen and held its ground on the Australian and New Zealand dollars.
Against a basket of currencies (DXY), the dollar edged higher to 98.621.
The British pound wallowed at $1.2431, near a one-week low, ahead of a UK Supreme Court ruling due around 09:30 GMT.
Source : Reuters