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Yen Sips to 5-Week Lows; Sterling Steady near 1-1/2 Month Highs


Tuesday, 10 September 2019 15:20 WIB

Yen Euro


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The yen slid to a five-week low against the dollar on Tuesday, while the British pound was hovering near one-and-a-half month highs amid diminishing chances of a no-deal Brexit and cautious hopes of a trade war breakthrough.

By 03:32 AM ET (07:32 GMT) the dollar ticked up 0.1% to 107.31 yen.

Sterling was holding just below a six week peak at 1.2331 after Britain's parliament voted, as expected, to stymie Prime Minister Boris Johnson's bid for an early election, which prompted him to vow that he would secure a Brexit deal at an EU summit next month.

The euro was flat at 1.1043, underneath an overnight high of 1.1067 hit following a Reuters report that Germany may set up public investment agencies to boost fiscal stimulus without breaching national spending rules.

Source: Investing.com


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