The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc.
U.K. Prime Minister Boris Johnson made a deal with the EU on Thursday, which hinges on Northern Ireland applying a limited set of EU rules on some goods, with the U.K. only charging EU tariffs on goods passing through to EU markets.
The deal now must be passed by the British Parliament on Saturday. However, Northern Ireland's Democratic Unionist Party said it is opposed to the proposed agreement, making it uncertain if the deal will be approved.
GBP/USD inched up 0.1% to 1.2897 as of 10:56 AM ET (14:56 GMT) while EUR/USD was up 0.2% to 1.1139. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.2% to 97.172.
Source : Investing.com