Dollar holds gains as investors cheer U.S. economic outlook
Monday, 20 January 2020 09:16 WIB | CURRENCIES |Dolar AS

The dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate cuts.

The greenback held steady near a one-week high against the euro, at $1.1096, and just below an eight-month peak on the Japanese yen, at 110.19 yen per dollar.

The pound edged lower on Monday to $1.3002, its weakest in a week. Against a basket of currencies, the greenback was steady at 97.620, a whisker below a three-week high hit on Friday.

Trade was tepid leading in to a U.S. holiday on Monday.

The yuan held flat at 6.8643 per dollar in offshore trade, not far below a six-month high it reached last week.

The Aussie last traded 0.1% firmer at $0.6880, while the kiwi rose by the same margin to $0.6615.

Source: Reuters

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