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Dollar Hits 1-Week Low as Trade Developments Awaited


Monday, 18 November 2019 15:39 WIB

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The dollar slid to one- week lows against a currency basket on Monday, as traders awaited fresh indications on whether the U.S. and China are moving closer to a deal to end their trade war which has roiled financial markets and acted as a drag on global growth.

The U.S. dollar index edged down 0.11% to 97.77 by 02:23 AM ET (07:23 GMT), its lowest level since Nov. 7.

Chinese state media Xinhua reported Sunday that the two sides had "constructive talks" on trade in a high-level phone call on Saturday, but gave no further details on the timing of a possible deal.

Against the safe-haven yen, the dollar was up 0.17% to 108.91.

The euro was a touch higher at 1.1062.

Source: Investing


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