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Euro steady as U.S. dollar set for worst week since October


Friday, 6 December 2019 16:32 WIB

DOLLARSecurity Europound


c_740_198_16777215_00_images_assets_CURRENCY2_Dollar_Pound_Euro.jpg

The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of weakness in the U.S. economy.

The resurgent kiwi enjoyed a hefty recovery thanks to some renewed risk appetite, as well as due to positive domestic factors.

Against a basket of six currencies, the greenback fell to a one-month low of 97.355. The euro was last flat at $1.1106.

Sterling was 0.2% weaker at $1.3132 and 84.58 pence against the euro, but parked close to a 2-1/2-year high as traders grow more confident the uncertainty over Brexit could soon be over.

Source : Reuters


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