Dollar Consolidates After Hitting 3-Week High on Trade Hopes
Friday, 8 November 2019 16:10 WIB | CURRENCIES |DOLLAR

The dollar was consolidating in early trade in Friday after surging to a three-week high on Thursday in response to growing confidence that the economically damaging tariffs enacted by the U.S. and China on each other™s products will be reversed.

By 3 AM ET (07:00 GMT), the dollar index was at 97.992, having risen as high as 98.078 overnight thanks to gains against the British pound, euro and Australian dollar. The index tracks the greenback against a basket of developed market currencies.

The Japanese yen, a haven currency that has suffered particularly badly as hopes for a trade settlement have grown staged a modest comeback overnight after stronger-than-expected household spending numbers for September overnight.

Elsewhere in Asia, the Indian rupee weakened after Moody™s cut India™s sovereign rating outlook to negative from stable, citing rising public deficits and debt levels.

The pound, meanwhile, was opening flat. It hit a two-week low on Thursday, dipping briefly below $1.2800 after the Bank of England adopted a more dovish outlook about the possible need for interest rate cuts, given the weakening of global growth this year and the hit to domestic growth from the prolonged uncertainty over Brexit. That uncertainty is set to extended well into next year by the general election on Dec. 12.

For the first time in over a year, two members of the bank™s Monetary Policy Committee dissented from the overall view, calling for an immediate rate cut.

Source : Investing.com

RELATED NEWS

Japan's yen gains, yuan down on trade woes, Hong Kong strife
Thursday, 21 November 2019 16:34 WIB

The Japanese yen firmed against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, shattering investor hopes of a partial agreement soon and boosting safe-haven assets. The Chinese yuan fell to a three-week low in onshore t...

Yen rises, yuan falls as U.S.-China trade deal this year looks unlikely
Thursday, 21 November 2019 07:52 WIB

The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets. The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs...

U.S. Dollar Flat as Tensions With China Rise Over Hong Kong
Wednesday, 20 November 2019 23:29 WIB

The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose. China took offense to the U.S. Senate passing legislation that backed Hong Kong protesters and would ban the export of items like tear gas ...

EUR/USD drops to lows near 1.1060, focus shifts to FOMC
Wednesday, 20 November 2019 16:04 WIB

The single currency is now under renewed downside pressure and drags EUR/USD to fresh 2-day lows in the 1.1060 region. EUR/USD weaker on trade concerns, looks to FOMC The pair is interrupting a 4-day positive streak on Wednesday in response to the pick-up in the demand for the greenback, increasin...

Dollar, yen supported as caution prevails on mixed trade signals
Wednesday, 20 November 2019 08:36 WIB

The dollar and the safe-haven yen found support on Wednesday as a lack of clarity on U.S.-China trade talks kept investors cautious ahead of the release of minutes from the U.S. Federal Reserve's last policy meeting. Moves were slight as jaded traders again weighed mixed messages on trade, with mor...

ANOTHER NEWS
Gold Declines as China Invites US Officials For Talks, Lifts Market Sentiment
Thursday, 21 November 2019 19:59 WIB Gold prices on Thursday eased from the last session™s two-week high after a report that China has invited top U.S. negotiators for a new round of face-to-face talks, and is seeking to reach an initial trade agreement with the United States. Spot...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.