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


  • The safe-haven U.S. dollar fell modestly in morning trading on Thursday after domestic retail sales data for June came in better than expected, though the move was limited by jobless claims and a drop...
  • Sterling was dragged up by a weaker dollar and an improvement in risk sentiment on Wednesday, with analysts saying it was likely to face further weakening due to economic damage inflicted by the coron...



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