Dollar Slips as Traders Digest Latest Trade News; Powell's Speech in Focus
Thursday, 10 October 2019 13:14 WIB | CURRENCIES | Indeks DolarUSD

The U.S. dollar slipped as traders digested the latest Sino-U.S. trade news. A speech by U.S. Federal Reserve Chairman Jerome Powell also received some focus overnight.

The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 98.722.

A South China Morning Post (SCMP) reported this morning that Sino-U.S. trade discussions had made œno progress and the principal Chinese negotiators might cut short their stay.

However, other reports said that top Chinese envoy Liu He would stay in Washington through Friday.

The USD/CNY pair dropped 0.2% to 7.1145.

The GBP/USD pair rebounded 0.2% to 1.2227 despite increasingly bitter exchanges between London and other European capitals, which further increased the risk of a disorderly œNo-Deal Brexit.

The USD/JPY pair was little changed at 107.47.

Source: Investing.com

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