Euro, sterling try to steady as traders keep wary eye on Italy budget, Brexit

Monday, 22 October 2018 14:08 WIB

Dolar EuroPoundsterling


The euro and the British pound managed to hold steady against the dollar on Monday as investors cautiously awaited developments around Brexit as well as Italy's budget plan which drew heavy criticism from the European Union.

The dollar was also broadly unchanged against its major rivals. Tensions with Saudi Arabia and the West, trade frictions and uncertainly about the global growth outlook kept most currency pairs stuck in tight ranges.

An index measuring the greenback's value against its major peers was flat at 95.67, having hit a of high of 96.09 on Friday.

Both the euro and sterling remained sensitive to news around Brexit and a controversial Italian budget proposal.



  • The pound fell nearly half a percent on Monday as concern revived that Britain will struggle to secure a deal on the terms of its departure from the European Union. The pound fell to a three-year low...
  • The dollar extended losses in early trading in Europe Friday, as higher-yielding currencies advanced on hopes of at least a temporary truce to the U.S.-China trade war. President Donald Trump downpla...



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