Dollar holds firm as FX markets struggle with mixed signals on trade
Thursday, 26 September 2019 15:29 WIB | CURRENCIES |DOLLARCurrency YenSterling,

The dollar edged lower but held close to its recent highs on Thursday as investors struggled to make sense of U.S. President Donald Trump's mixed signals on a trade deal with China.

Foreign exchange markets were quiet at the European open, with currency pairs little moved but the dollar™s resilience this week was a sign of investor nervousness about the global outlook.

The dollar index, which measures the greenback against a basket of currencies, was last down 0.1% at 98.985 but was only a whisker away from a two-week high and the two-year peak of 99.37 hit earlier this month.

But by 07:30 GMT, the Aussie was up only slightly on the day at $0.6753, while the yuan was up 0.1% at 7.1241 per dollar in the offshore market.

The euro rose 0.1% to $1.0947. The Japanese yen, perceived as a safe haven currency, rose 0.1% to 107.68 yen per dollar.

Sterling steadied at $1.2354 after plunging more than 1% on Wednesday as traders fretted about the deepening confrontation in the British parliament over Brexit.

Source : Reuters

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