Thursday, 27 February 2020
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U.S. Dollar Loses Momentum as Trump Extends Trade Deadline
Tuesday, 26 February 2019 00:07 WIB | CURRENCIES | Indeks Dolar Yen Euro

The greenback fell on Monday as hopes for a trade deal between the U.S. and China increased investor appetite for riskier assets such as equities and emerging market currencies and debt.

The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell 0.08% to 96.28 as of 11:00 AM ET (16.00 GMT).

The dollar was up against the safe-haven yen, with USD/JPY rising 0.12% to 110.79.

Elsewhere, the euro rose due to the weaker dollar, the EUR/USD pair rising 0.13% to 1.1355. The British pound recovered slightly, but is still in a holding pattern as the political process governing Brexit continues to twist.

Source: Investing.com

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