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Dollar Pushes Higher; Pound Slips as Risk Sentiment Pressured


Thursday, 17 January 2019 16:04 WIB

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The U.S. dollar pushed higher against a basket of its key rivals on Thursday, building on its recent strong gains, while the pound slipped amid softer risk sentiment.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.14% 95.80 by 03:54 AM ET (08:54 AM GMT), after gaining about 1% over the previous five sessions.

The yen, typically sought by investors as a safe haven during times of economic or market stress, gained ground against the greenback, with USD/JPY down 0.28% to 108.76

The euro edged lower against the U.S. currency, with EUR/USD dipping 0.11% to 1.1386 as persistent worries about the euro zone economy weighed.

The pound was weaker against the dollar, with GBP/USD down 0.18% to 1.2857 as uncertainty over Brexit rumbled on. Sterling was a touch lower against the euro, with EUR/GBP inching up 0.14% to 0.8856.

Investing.com


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