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Dollar edges higher on trade, Brexit worries


Tuesday, 3 September 2019 23:31 WIB

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The dollar climbed on Tuesday to its strongest level in over two years against a basket of currencies as traders favoured the greenback on worries about U.S.-China trade tensions and a chaotic British exit from the European Union.

The dollar's initial gains abated in the wake of a private report that showed the U.S. manufacturing sector recorded its first monthly contraction since 2016 in August.

UK Prime Minister Boris Johnson lost his working majority in parliament when one of his Conservative lawmakers defected to the pro-European Union Liberal Democrats.

At 11:44 a.m. (15:44 GMT), an index that tracks the dollar versus six major currencies was up 0.11% at 99.022. It hit 99.37 earlier Tuesday, which was its highest since May 2017.

Source : Reuters


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