Dollar Supported by Safety Flows; Euro at New 2-Year Low
Friday, 27 September 2019 08:37 WIB | CURRENCIES |DOLLAR Euro

The dollar stood tall on Friday, holding near multi-week highs against most major currencies as heightened risks from political tensions to the Sino-U.S. trade war increased its safe-haven luster.

In Asian trade it was steady around 107.75 yen , near a one-week peak, and edged higher against the euro (EUR=) to $1.0916. The single currency slipped to a fresh two-year low pressured by an increasingly weak outlook for the euro zone.

The greenback also steadied against the Australian dollar, near its strongest in three weeks, while it regained some ground handed to the New Zealand dollar on Thursday.

He added that risk aversion driven by trade war fears, a resilient U.S. economy and increasingly less-dovish-than-expected language from U.S. Federal Reserve board members were supporting the greenback.

The pound wallowed at $1.2325, close to a two-week low hit on Thursday after the European Union's Brexit negotiator said Britain had yet to provide "legal and operational" proposals for an agreement on exiting the bloc.

Source : Reuters

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