Dollar buoyed by caution as trade deal optimism wanes

Friday, 15 November 2019 08:24 WIB

Indeks DolarDolar AS


The dollar found broad support on Friday as fresh signs of a global economic slowdown and little visible progress toward a Sino-U.S. trade truce put investors in a risk-averse mood.

The dollar clawed back some of the ground it gave to the safe-haven yen overnight, rising 0.1% to buy 108.55 yen, and kept hold of overnight gains against the Australian and New Zealand dollars.

Against a basket of currencies, the dollar last traded at 98.163. The euro was stable at $1.1020. Moves were slight as investors looked for concrete news on the trade front.

The Australian dollar nurses losses inflicted by an unexpected rise in unemployment on Thursday to trade at $0.6786.

The kiwi was unmoved by Reserve Bank of New Zealand Governor Adrian Orr telling bankers in San Francisco that New Zealand was prepared to use unconventional policy tools.

Source: reuters


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