Dollar Calm; Focus on Emerging Central Banks
Thursday, 16 January 2020 16:29 WIB | CURRENCIES |Sterling, EuroDOLLAR

The U.S. dollar is largely unchanged in European trade early Thursday, as a degree of calm prevails following the signing of the Sino-U.S. trade deal.

At 03:25 ET (08:25 GMT), the euro traded at $1.1155, up 0.1%, while sterling stood at $1.3046, up 0.1%. The dollar traded at 110.05 yen, up 0.1%. The dollar index, which tracks the greenback against a basket of developed market currencies, was down 0.1% at 96.910.

That signing of the much-anticipated phase one trade agreement between the U.S. and China should draw a line under 18 months of tit-for-tat tariff hikes that have hurt global growth.

The signing should result in a calmer market in 2020 from at least one point of view, although underlying tensions between the U.S. on the hand and Europe and China on the other still remain.

Source : Investing.com

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