Dollar gives up post Fed gains, sterling hits two-month high

Friday, 20 September 2019 15:18 WIB

Dolar EuroAussiepound


The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks.

Sterling hit a two-month high of $1.2566 against the greenback, after European Commission President Jean-Claude Juncker said he thought Brussels could reach a deal with Britain to leave the European Union.

The Swiss National Bank, the Bank of England and the Bank of Japan all left their policies unchanged on Thursday. Their currencies rose, with the Japanese yen and Swiss franc both adding almost 0.2%, supported by safe-haven buying.

On Friday, the Aussie edged higher to around $0.6799, which is close to its lowest since Sept. 4, while the New Zealand dollar hit $0.6285, its weakest since Sept. 3.

The Australian and New Zealand dollars were on track for their steepest weekly slides in close to a month, as each has given up more than 1%.

The dollar gave ground to the yen, buying 107.85, and to the Swiss franc at 0.9910 per dollar. Against a basket of currencies, the dollar edged lower to 92.223.

Source: CNBC


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