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Dollar Holds Steady Ahead of Retail Sales; Pound Dips on Brexit Jitters


Monday, 11 March 2019 16:10 WIB

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The U.S. dollar was little changed in early European hours on Monday, as investors looked ahead to the latest U.S. retail sales report for further hints on the strength of the economy.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, held steady at 97.29 by 4:30AM ET (08:30 GMT). The index rose to 97.66 last Thursday, its best level since Dec. 14 last year.

Against the Japanese yen, the dollar was a tad higher at 111.25, bouncing off the prior session's one-week low of 110.77.

Economic reports will remain in focus in the week ahead, after data on Friday showed that U.S. job growth almost stalled in February, with the world's top economy creating a measly 20,000 jobs, far fewer than expected by analysts.

Elsewhere, the British pound was down 0.1% to $1.2998 after briefly dipping to a near three-week low of $1.2960 on nervousness over Brexit.

Source : Investing.com


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