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Dollar at two-month highs on funding deal, trade talks


Tuesday, 12 February 2019 15:43 WIB

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The U.S. dollar held at a two-month high and the Australian dollar gained on Tuesday as expectations of progress in trade talks between the United States and China and a tentative deal to avoid a U.S. government shutdown lifted sentiment.

Against a basket of its rivals, the dollar was broadly steady at 96.986, after climbing to its highest level since mid-December at 97.117 in the previous session.

Weak European data has hurt sentiment towards the single currency. On Tuesday the euro held near a 2-1/2 month low of $1.1267 hit in the previous session.

Sterling was broadly steady at $1.2878 before a statement by Prime Minister Theresa May to lawmakers in parliament.

Source: marketwatch


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