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Dollar Finds Support as Trade Talks Stay On Track, Euro Nurses Losses


Tuesday, 24 September 2019 08:22 WIB

DOLLAR


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The euro nursed losses on Tuesday after weak readings on German manufacturing rattled confidence, while the dollar found broad support as investors looked for signs of progress from Sino-U.S. trade negotiations.

The single currency shed 0.2% overnight after a survey showed European business activity stalling, and in fact going backwards in powerhouse Germany where a manufacturing recession deepened.

It held around $1.0990 in Asian hours, while the dollar edged higher against the Japanese yen to buy 107.58 yen and held its ground on the Australian and New Zealand dollars.

Against a basket of currencies (DXY), the dollar edged higher to 98.621.

The British pound wallowed at $1.2431, near a one-week low, ahead of a UK Supreme Court ruling due around 09:30 GMT.

Source : Reuters


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