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Dollar Hits Lowest Since July as Havens Retreat, Pound Rallies


Friday, 13 December 2019 15:59 WIB

Indeks DolarDolar ASGBP/USDEUR/USDUSD/JPY,


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The Bloomberg Dollar Spot Index drops a second week as riskier assets gain after U.S.-China agree on a phase-one trade deal and the U.K.’s Conservative Party wins a crushing majority in Thursday’s election.

USD/JPY up 0.3% to 109.63

GBP/USD rallies by 2.7% to 1.3514, strongest since May 2018 before paring the advance; flows are nearly 10 times the average for the past month, as they now come two-way with a slight preference to fade dips, according to two traders in Europe

EUR/USD up by as much as 0.6% to 1.1199, now at 1.1175; topside in demand from leveraged names: traders

Source : Bloomberg


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