DJIA25827.36
LIVE92.39(0.36%)
NDX10341.89
LIVE0(0.00%)

Trade deal hopes spur Aussie gains vs. Swiss franc for a third day


Tuesday, 29 October 2019 15:50 WIB

CurrencySwissFrancAussieDolar


c_740_198_16777215_00_images_assets_CURRENCY_Australian-dollar-foreign-exchange-rate-under-pressure-amid-Queensland-floods.jpg

Risk-oriented currencies strengthened on Tuesday with the Australian dollar climbing for a third consecutive session against the Swiss franc as hopes for an easing in Sino-U.S. trade tensions buoyed sentiment.

Underpinning risk appetite in markets, there is also heightened general optimism that Britain won't crash out of the European Union without a deal and the U.S. Federal Reserve will likely cut interest rates this week for a third time this year.

The Australian dollar gained a third of a percentage point against the relatively low-yielding Swiss franc and held just below a four-month high hit in mid-September at 0.6819 francs.

The currency pair is widely considered to be a barometer of risk sentiment in the currency markets and is up 1.3% in October, its biggest monthly rise since April 2019.

The British pound, meanwhile, was broadly steady around $1.285 after British Prime Minister Boris Johnson failed to gain the majority backing in parliament he required for an election, the third time he has failed to do so.

Source : Reuters


RELATED NEWS

  • The U.S. dollar slipped to a one-week low against its rivals on Thursday as upbeat U.S. and European economic data sharpened risk appetite, with hopes for a COVID-19 vaccine breakthrough also helping ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.