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Dollar up as growth worries, trade tensions hurt risk appetite


Tuesday, 22 January 2019 23:29 WIB

Dolar Indeks DolarPoundsterling


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The dollar rose against a basket of other major currencies on Tuesday, a day after the International Monetary Fund trimmed its global growth forecasts, and as worries about U.S.-Chinese trade tensions drove investors to shun riskier currencies.

The dollar index, which tracks the greenback versus the euro, yen, sterling and three other currencies, was unchanged at 96.33, after earlier reaching 96.484, the highest since Jan. 4.

The single currency was down 0.04 percent at $1.136, its lowest since Jan. 3.

Sterling rose after strong employment data suggested Britain's labor market remained robust despite an economic slowdown ahead of Brexit. The pound was up 0.36 percent at $1.2937.

CNBC


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