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Dollar edges up in thin post-holiday trade after positive U.S. data


Monday, 22 April 2019 08:33 WIB

DOLLAR Europound


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The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend.

The dollar index was last down a tenth of a percent at 97.369, drifting slightly lower after booking a 0.4-percent gain last week. The index remained within striking distance of its 2019 high of 97.71 brushed in early March.

The euro was a tad lower at $1.1244, adding to last week’s losses of nearly half a percent after data on Thursday showed that activity in Germany's manufacturing sector shrank for a fourth straight month in April. The pound was last down 0.05 percent at $1.2994, dipping below the $1.30 handle and nearly 0.4 percent off a two-month low of $1.2945 hit last month.

Source : Reuters


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