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Yen sags, sterling up on report UK's May to delay Brexit date


Tuesday, 26 February 2019 08:33 WIB

YenPoundsterlingYen Jepang


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The yen on Tuesday hovered near its weakest against the dollar this year after optimism over Sino-U.S. trade negotiations boosted investors appetite for riskier assets during the previous session.

Sterling spiked to its highest since Jan. 31 on reports that British Prime Minister Theresa May was considering delaying a deadline on the exit of the United Kingdom from the European Union.

The safe-haven Japanese yen was steady at 111.05 yen after falling as low as 111.24 yen during the previous session, its lowest since Dec. 27.

The dollar index versus a basket of six major currencies was basically flat at 96.388.

The euro was a shade higher at $1.1362 after advancing 0.2 percent on Monday.

Source : Reuters


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