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Dollar licks wounds after soft data fans bets on dovish Fed


Monday, 18 March 2019 08:34 WIB

DOLLAR Indeks DolarPoundsterling


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The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union.

The dollar's index against a basket of six major currencies stood at 96.564, having shed 0.81 percent last week, the biggest loss since late August.

The British pound stood not far from last week’s nine-month high of $1.3380, supported by relief that a no-deal Brexit will likely be averted. It last stood at $1.3292.

Source : Reuters


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