Dollar keeps safe-haven bid amid trade 'headline fatigue'

Friday, 22 November 2019 08:12 WIB

DOLLARCurrency Yen Euro


The dollar held overnight gains on Friday, as investors clung to the safe-haven pending developments in Sino-U.S. trade negotiations and amid a growing scepticism about reports of progress in the talks.

Movements were slight as investors also looked to a slew of global manufacturing surveys published later in the day for clues on how deeply the U.S.-China trade dispute is hurting the world’s economy.

The greenback crept higher against the Japanese yen to 108.58 yen and was steady against the euro at $1.1064. Antipodean currencies were flat on the dollar, with the Aussie buying $0.6789 and the kiwi $0.6404.

Against a basket of currencies the dollar last treaded at 97.993.

Elsewhere, the rising dollar kept the British pound GBP= below $1.30, while a manifesto from the British Labour Party setting out radical plans to raise tax and nationalise infrastructure also weighed. Sterling last traded at $1.2916.

Source : Reuters


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