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Dollar loses steam versus yen as trade deal, Brexit hopes face reality check


Tuesday, 15 October 2019 08:22 WIB

DOLLARCurrency Europound


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The dollar hovered below 2-1/2-month highs against the yen on Tuesday, failing to extend recent gains as optimism over trade negotiations between the world's two largest economies and for an orderly British exit from the European Union started to fade.

In early Asian trade, the dollar was steady at 108.35 JPY= against the yen, still not far from its 2-1/2-month high of 108.63 yen marked on Friday.

The euro also stood flat at $1.1026 versus the greenback, off Friday's three-week high of $1.1062.

Sterling slipped from a three-month high touched on Friday as last week's euphoria gave way to doubts over whether a timely Brexit deal could be clinched. The pound was last quoted at $1.2604 versus the dollar, little changed on the day.

Source : Reuters


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