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Dollar Finds Support as Trade Talks Stay On Track, Euro Nurses Losses


Tuesday, 24 September 2019 08:22 WIB

DOLLAR


The euro nursed losses on Tuesday after weak readings on German manufacturing rattled confidence, while the dollar found broad support as investors looked for signs of progress from Sino-U.S. trade negotiations.

The single currency shed 0.2% overnight after a survey showed European business activity stalling, and in fact going backwards in powerhouse Germany where a manufacturing recession deepened.

It held around $1.0990 in Asian hours, while the dollar edged higher against the Japanese yen to buy 107.58 yen and held its ground on the Australian and New Zealand dollars.

Against a basket of currencies (DXY), the dollar edged higher to 98.621.

The British pound wallowed at $1.2431, near a one-week low, ahead of a UK Supreme Court ruling due around 09:30 GMT.

Source : Reuters


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