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
The pound reached the highest since March as British voters headed to the polls to decide between Conservatives hoping to deliver Brexit in January and a Labour Party promising a second referendum. Sterling gained for a fourth day before steadying near $1.32 as markets bet on a win for Boris Johnso...
The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields lower. Investors also remained on edge as Sunday's deadline for the next round of U.S. tariffs on Chin...
The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesd...
The British pound slipped early on Wednesday after a poll showed a narrowing lead for Prime Minister Boris Johnso's Conservative Party in an election later in the week, while U.S. dollar movement looked to the Federal Reserve's policy meeting. Investors were also focusing on what U.S. President Don...
The euro was little changed versus the dollar on Tuesday as investors were wary of a looming deadline for U.S. tariffs on China, the British election and upcoming Federal Reserve and European Central Bank meetings. The greenback was neutral against a basket of six other major currencies. This is â...